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Litecoin (LTC) Eyes Breakout as Open Interest Surges Past $1 Billion

  • Litecoin (LTC) is poised for a potential breakout, trading just below the 200 SMA at $87.36.
  • Key moving averages are forming strong support levels between $85.04 and $85.23.
  • Momentum indicators like RSI and MACD suggest increasing bullish momentum, with RSI at 66.12 and a bullish MACD crossover.
  • Open interest in Litecoin has surged past $1.03 billion, indicating growing speculative bets in the market.

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