- The Litecoin network has drawn significant attention from institutional investors in the world in a recent past.
- The price of the SLC tackled the last major resistance in its trip to the removal of the top of all time.
Litecoin (LTC) Price opened the third week of May 2025 from a bullish perspective, after joining more than 23% last week. The Altcoin veteran, with an entirely diluted assessment of approximately $ 7.77 billion, earned approximately 2.4% in the last 24 hours to exchange around $ 102 on Monday 2025 during the end of the North American negotiation session.
In the midst of the volatility of increased cryptography, which led to more than $ 709 in net liquidations today, nearly $ 2 million concerned LTC transactions with leverage. In addition, the interests open to the long term of Litecoin have increased by more than 9% in the last 24 hours to oscillate around $ 691 million at the time of the drafting of this.
Litecoin records the robust fundamentals
As one of the high -level Altcoin that is provided through the work -proof consensus mechanism (POW), the Litecoin network has drawn significant attention from retail and institutional investors. According to the analysis of the chain data, the Litecoin network has continued to process more than a million transactions per week, after having treated more than 25 million transactions of year to date.
Meanwhile, institutional investors, led by fund managers, continue to put pressure to offer regulated Litecoin investment products such as ETF and ETPs. Last week, Valor Inc., a digital asset management wing company for DEFI Technologies, unveiled ETP of LTC on the stock market for Sweden projectors.
In the United States, several fundamental managers, led by Canary Capital, continue to put pressure on the American sec to approve the Litecoin ETF soon.
LTC Price Eyes Ath
After a successful rebound in a multi -year -old logarithmic trend in recent weeks, the SLD price has approached a crucial liquidity zone of around $ 107. Since the Litecoin network undertook its third half by half on August 2, 2023, the price of the LTC has mainly consolidated below $ 107 to date.
However, the macro-bullins of LTC has won land in the recent past. Within the weekly time, the LTC MacD line almost crosses the signal line in the midst of growing bullish histograms.
A coherent fence greater than $ 107 will propel the price of the LTC to its record level during the following weeks. However, a possible rejection at around $ 107 will lead to another correction to the level of support of around $ 81.
