Litecoin Price Breaks Above Key Resistance Zone

Litecoin (LTC) has been quietly building momentum as it moves above key trendline resistance and tests the $58-$60 zone.

The network's MimbleWimble Extension Blocks (MWEB), a privacy-focused feature, has processed over 500,000 LTC since its launch in May 2022, adding to Litecoin's utility case.

Canary's Litecoin ETF saw net inflows of $121,000 on September 2, its first positive day since mid-July. The fund now holds around 0.17% of Litecoin's circulating supply.

The LTC price is currently at $55-$56, up 1.42% over the past day. A move through the $58-$60 area could open the door to a larger recovery, with targets including $63.17 and $89.65.