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Litecoin recovers: Investors optimistic despite market fluctuations!
Litecoin (LTC) is showing signs of recovery with increased trading volume and bullish sentiment on 10/10/2025.
Litecoin recovers: Investors optimistic despite market fluctuations!
Currently, Litecoin (LTC) is at around $130 and is showing a significant recovery in the last two days, despite ongoing market volatility and a predominantly bearish sentiment. How FXStreet reports, the crypto market is seeing increased interest in Litecoin derivatives. Open interest (OI) reached an average of $1.11 billion on Friday, up about $795 million since October 1.
This increase in OI suggests improving bullish sentiment and increasing investor confidence that the uptrend will continue. The OI weighted funding rate stands at 0.0142%, down from a high of 0.0175% and indicating an increase in bearish bets and short positions.
Technical analysis and resistance levels
Technical indicators also support a bullish outlook on LTC. The Relative Strength Index (RSI) has risen to 72 and the Moving Average Convergence Divergence (MACD) has been showing a sustained buy signal since October 1st. To confirm the uptrend, a daily close above the support at $130 would be required.
Traders should also be aware that pullbacks may occur as the RSI is in overbought territory. Litecoin is currently testing a double top chart pattern, indicating a strong resistance area. Important levels for trading are:
| Resistance and support levels | Level in US dollars |
|---|---|
| Short-term Support (Double Top Pattern) | 130 |
| Next resistance | 135 |
| Demand Zone (previously tested on October 3rd) | 125 |
In conclusion, Litecoin is entering an interesting phase given the increased demand and positive technical indicators. Market interest is increasing and could significantly influence price movements in the coming days.