Litecoin Unleashes LitVM: Smart Contracts & Layer-2 Arrive
Launch of LitVM: At the Litecoin Summit, Lunar Digital Assets announced LitVM, a Layer-2 network upgrade for Litecoin that introduces smart contract capabilities using zero-knowledge rollups, enhancing its functionality beyond simple transactions.
Future Implications: With LitVM, Litecoin can now support decentralized finance (DeFi) applications and facilitate cross-chain interactions, positioning it as a competitive alternative to Bitcoin for everyday transactions and expanding its role in the crypto ecosystem.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LTC
Technical Sentiment Analysis for Litecoin (LTC) As of , Litecoin (LTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litecoin (LTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 25.565 | 35.317 | 45.995 | 55.747 | 66.425 | 76.177 | 86.855 |
| Fibonacci | 35.317 | 43.122 | 47.943 | 55.747 | 63.552 | 68.373 | 76.177 |
About LTC
About the author
