Litecoin Surges 4% as Bulls Push for $150

Litecoin, a leading cryptocurrency, has been making waves in the crypto community, with its value surging by 4% in the last 24 hours. As of writing, the coin is trading at $126.85, with a bullish tendency that has pushed its 20-day exponential moving average (EMA) to $115.5. This upward trajectory is a testament to Litecoin's growing popularity and traction in the market.

The relative strength index (RSI) of Litecoin stands at 60.65, indicating that the coin is gradually approaching the overbought territory. However, there is still room for growth before it reaches extreme levels. Analysts predict that Litecoin will attempt to break resistance levels of $130, $140, and $150, which could further improve its pricing and overall price prediction.

In recent news, Litecoin has been outperforming other altcoins, such as Solana and Dogecoin, and is currently rounding third base, according to Bloomberg analyst Eric Balchunas. This strong performance has made Litecoin an attractive investment opportunity for crypto enthusiasts.

Moreover, the coin's newfound zeal is also attributed to potential governmental intervention. There is a high likelihood that Litecoin will receive spot ETF approval from the SEC, which would provide governmental backing and set it apart from other altcoins in the market.