Litecoin price surges 7%, trading range between $56 and $58, mainly driven by whales buying over 1 million LTC ahead of the SEC's crucial decision on T. Rowe Price's cryptocurrency ETF application. The rally appears to be driven by spot market activity, with active addresses increasing by 6.5%, and lower futures leverage also supporting this upward trend. As the SEC decision approaches and news of LitVM Layer-2 launch is released, technical analysis indicates that $58.98 is a key resistance level, and $49 is a critical support level.
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Litecoin price surges 7%, trading range between $56 and $58, mainly driven by whales buying over 1 million LTC ahead of the SEC's crucial decision on T. Rowe Price's cryptocurrency ETF application. The rally appears to be driven by spot market activity, with active addresses increasing by 6.5%, and lower futures leverage also supporting this upward trend. As the SEC decision approaches and news of LitVM Layer-2 launch is released, technical analysis indicates that $58.98 is a key resistance level, and $49 is a critical support level.