Litecoin [LTC] has emerged as one of the top-20 crypto assets by market capitalization with a significant price increase in the last 24 hours. Despite Bitcoin’s [BTC] pullback from $87.3K to $82.9K on Thursday, 24th September, many altcoins, including LTC, have seen double-digit returns over the past week.
As of now, LTC has seen a 6.04% gain in just 24 hours and a 29.2% increase on the weekly charts, breaking through the significant resistance at $60.
Examining Litecoin’s Long-Term Trends
The Fixed Range Volume Profile indicates a key swing level at $60.50, with the VAH (dotted blue) situated there. The weekly chart shows a bullish crossover on the Awesome Oscillator above the zero line for the first time since October 2025.
Additionally, Litecoin has surpassed the swing high at $60.61 made in May, indicating a bullish shift in its weekly structure. The Directional Movement Index confirms a strong uptrend on the weekly timeframe.
Despite these positive trends, the OBV remains near its multi-month lows since March, signaling weak buyer strength despite the bullish breakout. However, Litecoin maintains a bullish bias in higher timeframes due to its rally past $60.
Traders’ Strategy – Buy the Dip
On the daily timeframe, the OBV shows new highs and positive technical indicators, supporting a bullish view. A potential pullback could present a buying opportunity, especially at key demand zones around $60 and $52.50.
Swing traders and investors are advised to wait for a bullish reaction at these levels before considering a long position in Litecoin.
Key Takeaways
- The rally past $60.61 signals a shift in Litecoin’s higher timeframe trend.
- A pullback to $60 or $52 could offer buying opportunities for swing traders and investors.