Litecoin Jumps 13% as Volume and Open Interest Surge
Litecoin's price climbed 13% in 24 hours to above $70, breaking through a resistance zone that had previously stalled recovery. Network activity rose with over 17 million LTC moved and about 158,500 transactions in a day, while spot trading volume tripled to near $948 million. Derivatives open interest exceeded $500 million, and short liquidations accelerated as the price moved toward $67.80.
The rally unfolded after Litecoin established a firm foothold in the $64–$65 buying zone, which had previously acted as a ceiling. On-chain metrics confirmed the breakout's breadth: roughly 158,500 transactions moved over 17 million LTC in a single day, while network hash power climbed nearly 5% to about 2.7 PH/s. Spot trading volume tripled compared to September 18 levels, reaching close to $948 million, signaling genuine participation rather than isolated price action.
Derivatives data reinforced the move, with open interest surpassing $500 million and short liquidations clustering as price advanced through $67.80. Technical indicators show the nine-period price change ratio at 13.04 and the 14-period Average True Range rising from below $1 to 2.62, suggesting elevated intraday volatility. Key liquidity pools sit above $72, with support layers at $69–$70 and $64–$66, framing the near-term trading range.
This surge could affect retail investors who track momentum signals, potentially drawing renewed attention to Litecoin as an alternative to Bitcoin amid broader market weakness. Derivatives traders may face heightened risk from liquidation cascades, while exchanges and liquidity providers could see increased activity. However, the yearly decline of 33% cautions against assuming sustained recovery, and volatility at current levels may amplify losses for leveraged positions.