Litecoin surges 8% as network activity reaches new heights

Litecoin surged roughly 8% in a 24-hour window, reaching intraday highs near $69 and touching eight-month price levels, as the network underneath it suddenly got very busy. The catalyst was hard to ignore: the Litecoin Foundation reported that over 17 million LTC, representing approximately $1 billion in adjusted economic volume, moved across the network in a single day. What actually happened Spot trading volume nearly tripled from levels recorded around September 18, climbing to roughly $948 million. Futures open interest crossed $500 million in the same window, suggesting that traders were not just buying and holding; they were taking on leveraged positions, betting on continued momentum. The price broke above a technical resistance cluster sitting between $64 and $65. LTC’s intraday range ran from $59 to $69. Daily active addresses on the network fluctuated between 200,000 and over 300,000 during recent periods. Analysts watching the setup have pointed to $71 as the next meaningful upside target if buying pressure holds. A close back below $64 would unwind much of the technical case and invite sellers back into the picture. Why Litecoin, why now Litecoin launched in 2011 as a f...