Litecoin (LTC) is experiencing a resurgence in bullish momentum as it breaks above key technical levels amid a positive market sentiment.
Analysts suggest that Litecoin's breakout above a crucial level on the daily chart signals a potential trend reversal and sets the stage for further upside moves.
Speculation about a potential Litecoin spot Exchange-Traded Fund (ETF) approval adds to the optimism, with a high probability of acceptance by October 2.
Price action shows LTC reclaiming key levels, with $97.10 identified as the next major target, fueled by growing interest, improving market sentiment, and increased trading volume.