Litecoin has experienced a notable increase, climbing to a price of $128.83, reflecting a gain of 8.35%. This surge can be attributed to bullish traders successfully breaking through significant resistance levels. As a result of this upward movement, the Relative Strength Index (RSI) has entered overbought territory, indicating strong buying momentum. The trading activity has also been characterized by robust volume, further supporting the price rise. This technical breakout is significant as it demonstrates the strength of the current market sentiment surrounding Litecoin, suggesting that traders are optimistic about its potential for continued growth.
