Litecoin gained 6.04% in 24 hours and 29.2% over the past week, breaking through its key resistance at $60 and surpassing its May swing high at $60.61. The Awesome Oscillator issued a bullish crossover above the zero line on the weekly chart for the first time since October 2025, and the Directional Movement Index confirmed a strong uptrend. However, weekly trading volume remains subdued and the OBV is still near multi-month lows dating back to March, raising concerns about the strength of buyers behind the move. Key support levels on the daily chart are at $60 and $52.50, which could offer buying opportunities should a pullback occur.
Source: Read the original article
