LTC market sees bullish momentum but signs of a potential correction ahead as indicators show overbought conditions and bears gaining power.
- Litecoin price rises on bullish momentum and increased trading volume.
- BRC-20 tokens flooding into LTC-20 may increase Litecoin network activity.
- Overbought stochastic RSI and negative BBP suggest LTC market correction.
Litecoin (LTC) began the day with a 24-hour low of $78.18, but bulls rapidly took control, driving the price to $81.97 before hitting resistance. The price is currently $80.56, representing a 1.34% gain in positive momentum.
Traders’ anticipation of a bull rally has resulted in a 1.35% increase in market capitalization and a stunning 31.60% increase in 24-hour trading volume to $5,872,692,063 and $594,060,510, respectively.