Litecoin (LTC) token has its moment as network activity booms: Crypto Daily
Summary
Litecoin rose nearly 8% in 24 hours and 37% this month, outperforming a weakening broader crypto market and reaching its highest price since January. The reason is unclear. The Litecoin Foundation pointed to more than $1 billion in value transferred across the network in a day, while speculation around next July’s block-reward halving may also be contributing. Derivatives-linked capital inflows have increased. Technically, LTC has moved above $60.60 resistance, and its 50- and 200-day moving averages have formed a golden cross. It remains uncertain whether the rally will persist.
