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LTC and Top Performers Shine as Ethereum Gains Momentum

LTC and Top Performers Shine as Ethereum Gains Momentum

Author:
LTC News
Published:
2025-05-07 18:01:31
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

Ethereum’s price surged to $1,838.28, marking a 1.77% increase over the past 24 hours, accompanied by a significant 50.79% spike in trading volume. This bullish movement reflects strong investor interest, with nearly $15.3 billion worth of ETH traded. Over the past week, Ethereum has gained 2.30%, pushing its market capitalization to $221.94 billion. Meanwhile, Litecoin (LTC), Worldcoin, and Stacks emerged as the day’s top performers, showcasing the dynamic nature of the cryptocurrency market. The robust trading activity and price appreciation suggest growing confidence among investors, potentially setting the stage for further gains in the near term.

Ethereum Price Rises Amid Surging Trading Volume

Ethereum’s price climbed to $1,838.28, marking a 1.77% increase over the past 24 hours as trading volume spiked 50.79%. Nearly $15.3 billion worth of ETH changed hands, signaling robust investor interest in anticipation of short-term gains.

The cryptocurrency has gained 2.30% over the past week, with its market capitalization now standing at $221.94 billion. Meanwhile, Litecoin, Worldcoin and Stacks led the day’s top performers, while Virtuals Protocol, Fartcoin and Optimism trailed the market.

Shiba Inu Gains Amid Rising Trading Volume as Meme Coins Show Divergence

Shiba Inu climbed 3.30% to $0.00001288 as 24-hour trading volume surpassed $143 million, signaling sustained retail interest in the meme token. The asset’s weekly performance remains positive at 3.42%, maintaining a $7.59 billion market cap.

Market action revealed stark divergences among altcoins. Litecoin, Stacks and Worldcoin led gainers while Virtuals Protocol and Optimism trailed. The volume surge suggests traders are positioning for potential short-term upside in SHIB despite broader crypto market volatility.

Dogecoin Rises on Surging Volume as Meme Coins Show Divergence

Dogecoin climbed 3.2% to $0.1737 amid a 17.6% surge in trading volume, with nearly $829 million changing hands in 24 hours. The meme coin’s market cap now stands at $25.9 billion, extending its weekly gain to 0.6% as traders anticipate short-term upside.

Meanwhile, Litecoin, Stacks and Worldcoin led gainers across digital assets, while Virtuals Protocol and Optimism lagged. The divergence highlights selective risk appetite among crypto traders, with established meme coins like DOGE attracting sustained interest despite broader market volatility.

Litecoin Defies SEC ETF Delay with 10% Rally Amid Bearish Signals

Litecoin (LTC) surged 10% despite the SEC’s delay in approving Canary Capital’s spot ETF application, rebounding from a two-week low of $81.03 to trade at $91.68. Daily trading volume exceeded $850 million as broader crypto market activity revived.

Technical indicators suggest the rally may be short-lived. The Chaikin Money Flow (CMF) shows declining buying pressure, signaling potential buyer exhaustion. Profit-taking looms as LTC’s upward momentum faces a bearish reversal threat.

Crypto Market Records Upsurge Amid Regulatory and Geopolitical Optimism

The cryptocurrency market surged over the past 24 hours, with total capitalization climbing 1.63% to $3.11 trillion. Spot trading volume jumped 13.7% to $46.91 billion as investor sentiment turned bullish, reflected in the Fear & Greed Index reaching 67—firmly in ’greed’ territory.

Bitcoin led the charge with a 2.15% gain to $96,523, solidifying its 61.56% market dominance. Ethereum rose 1.17% to $1,827 despite a slight dip in dominance. Altcoins outperformed, with $ALPACA and Litecoin ($LTC) posting standout gains of 36.1%.

The rally comes amid improving regulatory clarity and easing geopolitical tensions, creating fertile ground for crypto’s next leg up. Market structure appears robust—institutional flows are returning while retail participation builds steadily.

Litecoin Price Faces Key Resistance Amid Broader Crypto Market Rally

Litecoin price surged past $90 for the first time in 40 days, reflecting renewed risk appetite across cryptocurrency markets. The move comes as traders anticipate the Federal Reserve’s interest rate decision, with expectations centered on unchanged policy.

Technical indicators show strong bullish momentum, with the RSI trending upward while remaining below overbought levels. However, Litecoin now confronts a critical resistance zone between $92 and $95, where historical data shows 204,000 addresses acquired 6.83 million LTC.

Market participants are closely watching Fed Chair Jerome Powell’s commentary for signals about future monetary policy direction. The expanding open interest in Litecoin derivatives suggests growing trader conviction, though the substantial resistance cluster may temper further upside in the NEAR term.

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