Ethereum

bullish

Litecoin

Bitcoin

Verge

<ul>
 <li>Litecoin hits $65 after a spike of above 3% in the last 24 hours.</li>
 <li>The short-term 9-day and long-term 21-day reveals LTC’s bullish rally.</li>
</ul>
Cryptocurrencies are facing a considerable loss in a bearish ride within the crypto market, including Bitcoin (BTC) and Ethereum (<a href="https://thenewscrypto.com/can-ethereum-eth-defy-the-odds-and-rise-in-september/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>). Moreover, other altcoins are struggling to sustain the recent gains attained. In particular, Litecoin (LTC) exhibits a daily surge of 3.30% in market price.&nbsp;
LTC hit its six-day high and recovered to $65.28 over the last 24 hours. The altcoin regained its price by jumping from a low of $61.75 to a high of $66.37. Despite the surge, the trading volume has decreased by 10.30% to $330 million, and LTC’s market cap stayed at $4.89 billion, as per CMC <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Notably, in the past thirty days, Litecoin’s performance was on the downside, declining by over 9%. The altcoin dipped down from $70.44 to a low of $51.16. This downside pressure extended throughout, and over the last week, LTC has dropped by 1.73%. The week began bullish, trading at $66.49, and it couldn’t maintain the upward price momentum. The asset slid down to $59.64.&nbsp;
Besides, 200K LTC, worth approximately $12.76 million, were recently <a href="https://x.com/whale_alert/status/1829426299305156891" target="_blank" rel="noopener noreferrer nofollow">transferred</a> from an unknown wallet to Binance, according to Whale Alert. On the other hand, a recent <a href="https://x.com/santimentfeed/status/1828269348802437299" target="_blank" rel="noopener noreferrer nofollow">report</a> by Santiment revealed that Litecoin discussions on social media have been low. That was followed by a massive liquidation of 45,020 net wallets, which held between 0.1 and 1 <a href="https://thenewscrypto.com/resilience-of-litecoin-ltc-holders-dethrone-those-of-xrp-and-doge/" target="_blank" rel="noopener noreferrer nofollow">LTC</a>.
<h3 class="wp-block-heading" id="h-will-the-ltc-bulls-sustain">Will the LTC Bulls Sustain?</h3>
A closer look at Litecoin’s technical indicators reveals the bullish rally; the short-term 9-day MA and long-term 21-day MA are recorded below the trading price at $64 and $64.25, respectively. The daily Relative Strength Index (RSI) of LTC has entered the neutral zone, hovering around 53.36.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMX0kc4YpTQw41Q3iOFpPxfCs1ceISOFdnAwmlc0csn_16AFjrxeXnGJmwXC7nLv0bj1V7jTv-OXQltDqg8nHT6h1k_z_d2BzD4K24fsTlZododKuZcTgZiknvbMIMnLT7Hh_dZb7ge4k8SXV9M4U9prx6?key=mVXr9T_YqJaEt1mFT845VQ" alt="">
 <figcaption class="wp-element-caption">LTC price chart (Source: <a href="https://in.tradingview.com/symbols/LTCUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
The current price movement shows the bull run; if it persists and breaks through the $67 resistance level, LTC could test the key resistance at $70.20. Conversely, a drop below the $63 support level, altcoin might be pushing the price down to the critical support at $61.36.&nbsp;
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Is Litecoin (LTC) on the Verge of a Bullish Surge?

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