Litecoin (LTC) has moved above a previous ascending channel pattern, indicating strong bullish momentum. The breakout allows room for price growth, aiming for the 170 USD mark as bullish sentiment in the market rises.
Record highs in Open Interest, now at 1.27 billion USD, indicate fresh capital entering the LTC market, further fueling price increases. Meanwhile, the hashrate boosts network security and the Relative Strength Index shows strong upward momentum.
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