Yago Reveals Why Litecoin’s LitVM is a Step Ahead of Bitcoin
Launch of LitVM: Litecoin has introduced LitVM, its first zero-knowledge Layer-2 chain, at the Litecoin Summit, enabling smart contracts and cross-chain features for the network, marking a significant evolution from its traditional peer-to-peer payment model.
Integration with UTXO Ecosystem: LitVM supports decentralized token transfers across major UTXO-based blockchains without centralized bridges, enhancing DeFi capabilities and positioning Litecoin as a competitive platform in the broader Web3 movement.
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Technical Analysis for LTC
Technical Sentiment Analysis for Litecoin (LTC) As of , Litecoin (LTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 | 25.535 | 35.302 | 45.965 | 55.732 | 66.395 | 76.162 | 86.825 |
| Fibonacci | 35.302 | 43.107 | 47.928 | 55.732 | 63.537 | 68.358 | 76.162 |
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