TLDR
- Litecoin (LTC) rose 6.04% in 24 hours and 29.2% over the past week.
- LTC broke above its May swing high of $60.61, flipping its weekly structure bullish.
- The weekly Awesome Oscillator turned positive for the first time since October 2025.
- Weekly On-Balance Volume (OBV) remains near multi-month lows, pointing to weaker volume behind the move.
- The $60 and $52.50 levels are the key demand zones on the daily chart.
Litecoin (LTC) posted one of the larger price gains among the top 20 crypto assets by market cap over the past 24 hours. The token rose 6.04% in that period.
On the weekly chart, LTC is up 29.2%. The move pushed the price past a key resistance level at $60.
The gains came even as Bitcoin (BTC) pulled back. BTC dropped from $87,300 to $82,900 by Thursday, September 24.
Many altcoins, including Litecoin, posted double-digit returns over the past week. Most of them were affected by Bitcoin’s decline.
Weekly Chart Shows a Trend Shift
A Fixed Range Volume Profile, drawn from January’s high to the present, places the value area high at $60.50. This level lines up with a key swing point on the chart.
LTC also moved past the $60.61 swing high set in May. This flipped the weekly market structure in favor of buyers.
The Awesome Oscillator on the weekly chart made a bullish crossover above the zero line. It is the first time the indicator has shown positive readings on this timeframe since October 2025.
The Directional Movement Index also points to a strong uptrend in progress on the weekly timeframe.
Not every signal is positive, though. The On-Balance Volume indicator on the weekly chart remains near multi-month lows that date back to March.
Weekly trading volume has not been strong despite the breakout. This could suggest weaker buyer strength behind the rally.
Even so, Litecoin keeps a bullish bias on higher timeframes. This is because of its move past the $60 level.
Daily Chart and Key Levels
The daily chart gives a more positive picture. The OBV on this timeframe has made new highs.
Other technical indicators on the daily chart also support a bullish view. The price structure remains firmly bullish.
Based on trends across both the daily and weekly charts, a pullback could offer a buying opportunity, according to the analysis.
Two demand zones stand out on the daily chart: $60 and $52.50. Swing traders and investors may wait for a bullish reaction from these areas before opening long positions.
At the time of writing, LTC held its 6.04% daily gain and was trading above the $60 level it broke earlier in the week.
