More than 120 million LTC tokens were transacted to and fro in the last 24 hours. Litecoin mining rewards halving is scheduled for 2023.
- Litecoin surged 22% in the last 30 days from $83 to $102.
- An unknown whale acquired 112K LTC from the crypto exchange Binance.
Bitcoin (BTC) and Ethereum (ETH) projected a 24-hour price drop of 0-1% during the Asian morning hours. Litecoin (LTC) gained over 4% in the last 24 hours to surpass $102, at the time of writing.
According to the data from TradingView, LTC marked an intraday high at $102.96 on the crypto exchange Binance. Litecoin’s price confirmed its bullish state by crossing the 9-day EMA, as per the below chart.
Furthermore, the relative strength index (RSI) of LTC was 68.17, inching closer to the overbought zone above 70. Hovering above 25 on the scale, Litecoin price action’s average directional index (ADX) denoted a strong bullish trend.
Despite outpacing BTC and ETH with a max 24-H price gain percentile, LTC lagged behind in terms of year-to-date (YTD) surge. As per CoinMarketCap, Litecoin jumped 44% from $70.86 on Jan. 2023 to $102.5 at press time.
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