Litecoin (LTC) price opened the third week of May 2025 in a bullish outlook, after rallying more than 23 percent last week

The veteran altcoin, with a fully diluted valuation of about $7.77 billion, gained around 2.4 percent in the last 24 hours to trade about $102 on Monday

Litecoin (LTC) price opened the third week of May 2025 in a bullish outlook, after rallying more than 23 percent last week. The veteran altcoin, with a fully diluted valuation of about $7.77 billion, gained around 2.4 percent in the last 24 hours to trade about $102 on Monday, 2025 during the late North American trading session.

Amid the heightened crypto volatility, which led to over $709 in net liquidations today, nearly $2 million involved LTC leveraged trades. Furthermore, Litecoin’s futures open interest surged over 9 percent in the last 24 hours to hover about $691 million at the time of this writing.

As one of the top-tier altcoin that is secured through the proof-of-work (PoW) consensus mechanism, the Litecoin network has attracted significant attention from both retail and institutional investors. According to on-chain data analysis, the Litecoin network continued to process over 1 million transactions per week, thus having processed over 25 million transactions year-to-date.

Meanwhile, institutional investors, led by fund managers, continue to press to offer regulated Litecoin’s investment products such as ETFs and ETPs. Last week, Valor Inc., a digital asset management wing firm for DeFi Technologies, unveiled LTC’s ETP on Sweden’s Spotlight Stock Market.

In the United States, several fund managers, led by Canary Capital, continue to pressure the U.S. SEC to approve Litecoin ETFs soon.

Following a successful rebound from a multi-year rising logarithmic trend in the past few weeks, LTC price has approached a crucial liquidity zone of around $107. Since the Litecoin network undertook its third halving on August 2, 2023, LTC price has mostly consolidated below $107 to date.

However, LTC’s macro-bullish momentum has gained significant traction in the recent past. In the weekly timeframe, LTC’s MACD line is almost crossing the Signal line amid growing bullish histograms.

A consistent close above $107 will propel LTC price toward its all-time high in the

News data source: kdj.com

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