Litecoin’s 10% jump is legit, or pure hype?

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Litecoin is making some moves while most of the crypto market is snoozing.

The silver to Bitcoin’s gold is up about 10% in the last 24 hours, making it the top performer in the top 100 cryptocurrencies. The question is why?

Litecoin holders assemble

Thanks to this rally, 77% of Litecoin investors are now sitting on profits. Only 16% are still in the red. Not bad, LTC hodlers, not bad at all.

What’s driving this Litecoin love? A big factor is the growing hype around a potential spot Litecoin ETF in the US.

The SEC has acknowledged Canary Fund’s interest in launching such a product, and Polymarket gives it an 81% chance of happening before the end of 2025. If that gets approved, look out, a rally could arrive.

Crypto twitter weighs in

The crypto community is buzzing about Litecoin’s resurgence. One X user, XForceGlobal, thinks LTC is shaping up to be the next XRP.

X

Others are watching the charts closely, predicting a price spike to $128. Some analysts see any dips as buying opportunities. There’s no lack of hopium, that’s sure, but there are fundamentals too?

RSI says pump the brakes?

Before you go all-in on Litecoin, there’s a potential red flag, the Relative Strength Index.

This technical tool suggests that Litecoin now might be overbought in the short term.

The RSI ranges from 0 to 100, and a reading above 70 usually means an asset is overvalued and due for a pullback.

Litecoin’s RSI has been creeping up and is now in that overbought zone. So, while the Litecoin party might be fun right now, a correction could be on the horizon.

Have you read it yet? Austin university bets $5M on Bitcoin


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

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