Litecoin Taps Resistance Zone Above $46

Litecoin has maintained its value above $46, with investors closely watching for potential breaks in the resistance area.

The cryptocurrency is currently holding onto support at $44.50, and market analysts are eyeing a possible surge to the $46.70-$47 range in the short term.

The Litecoin Foundation has announced plans to expand the smart contract space with the introduction of LitecoinVM for $LTC ($45.19). This move is expected to increase adoption and drive growth in the LTC ecosystem.

Ongoing open positions have exceeded $320 million, while active addresses are hovering around 200,000. These metrics indicate a strong level of activity in the market.