The Broader Digital Currency Ecosystem

The broader digital currency ecosystem is undergoing an intensive rebound, with Litecoin (LTC) leading the altcoin surge. At press time, Litecoin’s price was $135.57, reflecting a 10.56% increase in the past 24 hours, according to CoinMarketCap data. The overall market cap has risen 0.68% to $3.16 trillion.

Litecoin Takes Lead

It is quite unusual for Litecoin to spearhead market rallies, particularly after a broad-based downturn. Positive metrics indicate it has advanced to become the 12th largest coin in the market, outperforming the top 20 digital currencies in daily growth trends.

In addition to the 10.56% overnight price increase, LTC has achieved a 15.44% growth over the past week. In contrast, altcoins like Solana (SOL) have seen a severe 36% decline over 30 days, while Litecoin has maintained a 10% growth month-to-date (MTD).

Litecoin has also outperformed Bitcoin (BTC) and Ethereum (ETH), which have seen increases of 0.43% and 1.94%, respectively. With the broader market experiencing a bullish rebound, LTC bulls are eyeing a potential return to the top 10.

LTC Price Rally Justified

Litecoin has remained relatively stable over the past few months. In comparison, coins like XRP have recorded a 129% rally in the past 90 days, while Litecoin’s growth sits at 50.75%, according to CoinMarketCap data.

The recent price rally may be linked to its associated Exchange-Traded Fund (ETF). The Litecoin ETF product from asset managers like Canary Capital boasts a 90% likelihood of approval, one of the highest odds in the market.

As a result, investors seem optimistic about the coin’s future, initiating a buy-in trend that could enable it to retest the $150 resistance level in the long term.