Overview
- The price rallied sharply to about $74.77 and was trading near $74.20 after opening much lower on Sep. 24, with intraday moves clearing several short-term pivots toward the $75 level.
- A daily golden cross formed when the 50-day moving average crossed above the 200-day moving average near $51, a slow-moving bullish signal that does not guarantee the rally will continue.
- Futures open interest topped $500 million and CoinGlass’s three-day heatmap shows clustered liquidation bands around $75–$77, which means a move into that zone could force short covering and spike volatility.
- The Litecoin Foundation reported that more than 17 million LTC moved on-chain within 24 hours on Sep. 23, a large transfer volume that signals elevated activity but does not prove those coins were sold on exchanges.
- Coinbase added LTC as eligible collateral for USDC loans through Morpho on Base for qualifying U.S. customers, a utility change that expands use cases but is not shown to be the direct cause of the Sep. 24 price surge.