The price of Litecoin has risen back to $100 after on-chain trading volume reached a record high.

Litecoin (LTC) is showing signs of a new effort to establish a bullish trend. The strong bounce back in July and August pushed the price of LTC up to $134.2, before the bears took over and pushed the price down. However, LTC has now regained the important psychological level of $100.

This is the first time since the drop on October 10 that LTC has surpassed the $100 mark. As of now, this altcoin is trading at $109. In the context of Bitcoin (BTC) also recording a 4% increase in 24 hours, reaching $1050700, is the market sentiment showing signs of reversal?

Signs of bounce back of Litecoin

According to data from Santiment Insights, the number of whales holding LTC has increased significantly in recent times. In particular, the number of wallets holding over 100,000 LTC has increased by 6% in the past three months – this is a signal that large investors are accumulating more.

In addition, the on-chain trading volume of Litecoin also reached a record level of $15.1 billion per day. The combination of the confidence of whales and the active trading on the chain may be the basis for expecting the bullish momentum of LTC to continue to be expanded.

Source: SantimentHowever, some other on-chain indicators show caution. The recent bullish move of LTC may face profit-taking pressure, especially as the 180-day MVRV indicator has shifted into positive territory for the first time since October 10.

The average age of the LTC coin has significantly decreased at the end of October. This trend since August does not show strong accumulation but leans towards a neutral state. In particular, the price dropping below $90 recently triggered a wave of panic selling.

This partly reflects the lack of confidence among on-chain investors. The project's development activities have also been in a “frozen” state since the first week of September.

Considering all the above factors, the current bullish trend of LTC is still not truly sustainable. Being cautious with this bounce back will be a safer choice, rather than hastily viewing it as a sign of sustainable strength.

Source: TradingViewFinally, according to the Fixed Range Volume Profile chart for the year 2025, the high and low value areas of LTC are $131.85 and $94.9 respectively, while the important control point is $118.2. These are all price levels that traders need to pay special attention to.

Currently, the market structure of Litecoin is still leaning towards a bullish trend, with buying volume exceeding the average in recent days. However, the resistance zones from $118-$132 are expected to continue to be a major challenge for the upward momentum of LTC.

Mr. Giáo