Litecoin (LTC) traded at $60.78, down 3.49% in the past 24 hours, after reaching a daily high of $64.64. The pullback follows a September rally from the low-$50s that broke the $56.13 resistance level, which now serves as key support. Network activity surged, with the Litecoin Foundation reporting that over $1 billion in value moved across the network in 24 hours. Open interest on derivatives rose from $370 million to above $500 million, while trading volume reached $680–$730 million. Technical indicators show strong momentum, with the Relative Strength Index (RSI) at 68.07, near overbought territory, and the MACD line above its signal line. Key levels to watch are the $56.13 support and the $64.64 resistance.
Litecoin’s price pulled back after a notable September ascent from the low-$50s that accelerated through the $56.13 resistance level, according to data from TradingView. The $56.13 level is now turning into an important support zone amid the current decline to $60.78. The nearest resistance is set at the recent high of $64.64. A breakdown below $56.13 would shift attention toward the next support at $48.42.
The Litecoin Foundation posted on X on September 23 that “over $1 Billion of value, over 17M Litecoin, moved across the Litecoin network in 24 hours.” The Foundation described this as Adjusted Economic Volume, or “payments” as ForceX denotes it. The network’s 24-hour adjusted economic volume reached a higher $2.51 billion in May, showing that the latest figure represents substantial on-chain activity but not the year’s highest.
Technical indicators on the daily chart suggest strong positive momentum despite the pullback. The Relative Strength Index (RSI) stands at 68.07, above its average of 63.56 and approaching the 70 overbought threshold. The Moving Average Convergence Divergence (MACD) line at 2.85 sits above the signal line at 2.12, with a histogram of 0.74, supporting upward momentum.
Data from CoinGlass shows open interest for Litecoin rose from around $370 million in mid-September to above $500 million on September 22. Trading volume has also grown, with recent readings reaching $680 million to $730 million, among the highest levels on the chart. The growth in open interest implies more positions in the derivatives market, though it does not identify trader bias.
On-chain metrics from DeFiLlama show Litecoin’s total value locked, active addresses, and transaction activity remaining elevated toward late September. The confluence of increasing open interest, improved trading volume, and upward MACD momentum supports the current trend, but the pullback leaves two key levels in focus. A sustained move above $64.64 would pressure the recent high and signal a potential continuation. Any move below $56.13 would question the current setup and bring $48.42 into play.
