In a historic moment for Litecoin, the network has achieved a significant milestone in its almost 12-year existence. The Litecoin Foundation proudly announces that the Litecoin network has processed its 180 millionth transaction. Presently, Litecoin is experiencing a week-long period of price consolidation, and its daily Relative Strength Index (RSI) is inching closer to the neutral threshold of 50. Despite Litecoin’s price largely stabilising following the August halving event, the network’s hash rate has recently surged to reach new all-time highs. This development underscores the ongoing vitality and expansion of the network.
At the time of writing, LTC was trading at $61.27.
LTC witnessed a sharp fall from the previous top of $115 and the prices corrected almost by 51% to $56. Post this move, the asset took support at $58 and gave a relief rally up to $70. Currently, LTC is trading sideways in a range from $59 to $69 with low volumes. Breakouts on either side of the range with good volumes will further decide the trend for the asset.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $50 | $56 | LTC | $70 | $85 |
