Litecoin’s price has risen above 90 USD for the first time in 40 days, reflecting a risk-on sentiment in the crypto market. The resistance at 92 USD to 95 USD presents a challenge due to heavy supply from previous LTC holders.
An increase of 17.73% in open interest alongside a growth in trading volume to 1.45 billion USD signals a bullish outlook. Short liquidations exceeding long ones indicate upward pressure as LTC approaches significant resistance.
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