Litecoin Price Bounces Near $46, Targets $48 Resistance

The Litecoin price has rebounded near $46 after buyers defended an ascending trendline and reduced recent selling pressure.

LTC traded around $45.98, gaining about 1% over 24 hours, according to CoinGecko market data.

The rebound places the $47 to $48 resistance zone back into focus for traders.

Network data points to rising transaction activity, despite limited price progress during the past four years.

Litecoin's market capitalization stood near $3.56 billion, while daily trading volume approached $135 million.