Will increased volume push LTC past $79?

[CryptoChamp]

• Price Increase: Over the last 24 hours, Litecoin (LTC) has increased by 4.5%, bringing its price to $70.26.
• Weekly Gain: This rise contributes to an overall gain of 8% over the past week, emphasizing the coin's positive momentum.
• Historical Context: With an all-time high of $410.26, investors are closely monitoring LTC as it approaches a crucial resistance zone.

Price Predictions for October

• Short-Term Forecast: Looking ahead, Litecoin price predictions for the first week of October suggest modest growth, with expected prices ranging from $75.73 to $79.39.
• Increased Trading Volume: Litecoin's trading volume has surged by 18% in the past week, reflecting increased market activity.
• Circulating Supply: The circulating supply has decreased slightly to 75.02 million coins, which is about 89.31% of its maximum supply.

Navigating Resistance Levels

• High Liquidity Zone: Litecoin is nearing a critical high liquidity zone above $70. Historically, this zone acts as a strong resistance level due to significant selling pressure.
• Potential Volatility: As LTC approaches this threshold, increased price volatility may occur. If there is strong bullish momentum backed by buy orders, Litecoin could potentially break through this resistance.

Market Sentiment

• Positive Sentiment: Recent data from Coinglass shows a predominantly positive sentiment around LTC, with funding rates remaining favorable over the past week. This suggests that many traders are optimistic about future price increases.
• Upcoming Price Predictions: Current forecasts indicate that by September 30, LTC could trade around $73.84, with a maximum potential price of $79.01.

As Litecoin navigates this pivotal moment, the focus on its price prediction remains crucial for investors eager to see if it can break through significant resistance levels and maintain its upward trajectory.