Litecoin (LTC) has seen a surge in on-chain activity, hitting a yearly high with 512.8 million LTC moved in the past week, totaling $36.6 billion. Despite this, its price has struggled after reaching $76, now down to $68.81.
On-Chain Activity Boost
Litecoin’s recent spike in activity signals growing interest from traders and investors. However, the coin has faced resistance at $76, dropping 3.01% in the last 24 hours.
Positive Market Indicators
Technical indicators show a potential for recovery, with the Directional Movement Index and Chaikin Money Flow pointing to bullish momentum. Additionally, reduced exchange flows suggest investors are holding their LTC, expecting a price rise.
Will LTC Break $76?
If bullish momentum picks up, LTC could reclaim the $76 resistance level. If not, support is expected at $63.4. Keep an eye on these key levels for future movement.