Litecoin Price Breakout: Will the Bulls Reclaim $110?
The post Litecoin Price Breakout: Will the Bulls Reclaim $110? appeared com. The post Litecoin Price Breakout: Will the Bulls Reclaim $110? appeared first This rally didn’t happen in isolation. Privacy-focused coins like Zcash saw an equally impressive run, reflecting a broader spike in demand for anonymity across the crypto markets. Traders need to note that the action wasn’t just speculative, spot ETF inflows hit $640k for Litecoin. On top of that, the coin made a comeback with key technical averages and snapped out of a months-long bearish channel. The perfect storm of fresh whale accumulation, historic on-chain activity, and wider interest in privacy protocols set the stage for this week’s breakout. Whales and Volume Surge The most compelling evidence supporting Litecoin’s rally comes from whale wallets and on-chain volume. Over the past 3 months, the count of 100k+ LTC holders grew 6%, with 7 new whales joining the ranks. This is a significant jump and often signals coordinated accumulation. Santiment highlights that on-chain transaction volume went through the roof, averaging $15. 1B for the week, the highest in Litecoin’s history. These factors place Litecoin in a class of its own among altcoins for now. With whales appearing to back the upward move and transactional activity at record levels, the technical rally draws solid on-chain support. This trend helps keep the bulls in control and sets up the next round of price discovery. LTC Price Analysis Litecoin price is retailing across exchanges, at $101. 06, up 12. 61% in one day and 5. 2% over the week. The market cap zoomed past $7. 73 billion, while 24-hour volume nearly tripled to $1. 68 billion. LTC crypto price decisively broke above its 30-day SMA at $95. 86. This is a level that had previously acted as a ceiling for price.