Litecoin Holds Ground Above $46 Amid Growing Ecosystem Development

Litecoin price has been steadily holding above $46 as investors anticipate a potential breakout following several weeks of sideways price action.

The recent LitecoinVM update has fueled hopes for further growth, with the project expanding Litecoin's smart contract capabilities and increasing transaction activity.

According to CoinGlass data, Litecoin's open interest is above $320 million, indicating that traders are continuing to hold leveraged positions despite the recent price consolidation.