Summary
TLDR: Litecoin (LTC) has become the second best-performing cryptocurrency in the top 100, with a price spike of nearly 11% in the last 24 hours. This is due to a recent statement by the CFTC declaring Litecoin a commodity, which could lead to more endorsements and integrations. The coin is currently trading at $104.99, up 11.56% in the last 24 hours. Technical analysis shows a possible cup-and-handle pattern, indicating a bullish breakout. Resistance levels are around $115 and $135, with a potential drop to $80 if it corrects down.
Key Points
1. Litecoin (LTC) is currently the second best-performing cryptocurrency in the top 100, with a price spike of nearly 11% in the last 24 hours.
2. The United States Commodity Futures Trading Commission (CFTC) recently declared Litecoin a commodity, which could lead to more endorsements and integrations for the coin.
3. Litecoin is showing bullish signs in both daily and weekly candlestick charts, with potential resistance levels at $115 and $135 for gains, and a possible correction down to $80 for a loss.