Litecoin sees trend revival as ETF odds climb and big money flows in
The crypto market today is sailing a fresh wave of bullish sentiment. Since yesterday, the total market cap of the business rose by 1.54% to $3.95 trillion. The spike was backed by a sharp 34.36% increase in trading volume, now at $161.21 billion. This surge follows a combination of regulatory clarity, after Trump’s GENIUS Act. And major institutional inflows into Ethereum ETFs, which drew $1.85 billion compared to Bitcoin’s modest $72 million.
Despite the growing optimism, it’s not quite altcoin season yet, the Altcoin Season Index sits at 42/100. However, with triggers like the FOMC meeting scheduled from July 29-30, and SEC’s ruling on Bitwise ETF on July 31 ahead, eyes are on which altcoin could break out next.
Wondering which altcoins to bag for high returns this week? Sui, Litecoin, and Solana are the top contenders to lead the rally this week.
This token has been one of the decent performers in recent times, climbing to $4.22 with 5.8% in the past week. Its market cap is now at $14.6 billion, supported by a daily trading volume of $2.58 billion, which surged nearly 18%.
What’s impressive is the breakout from a descending broadening wedge pattern. This technical shift aligns with Sui’s DeFi ecosystem posting $10.3 billion in July DEX volumes, marking a staggering 657% year-over-year increase. Adding fuel to the fire, a fresh ETF proposal from Canary Capital under SEC review has revived optimism among speculative investors.
Technically, SUI is fighting against the resistance zone near $4.75. A confirmed breakout above that level could send Sui price zooming toward its all-time high of $5.517. Contrarily, a sell-off cascade could drag the price down to $3.50. RSI currently hovers around 64.73, just under the overbought threshold, indicating room for further upside.
Currently trading at $114.12, Litecoin has recovered modestly after a 3.5% dip earlier in the week. It rose 1.44% in the last 24 hours, bringing its market cap to $8.72 billion, with a strong 30.9% boost in daily trading volume, now sitting at $650.5 million.
Litecoin is quietly gearing up for a comeback. Technically, it’s bouncing from the $105 support level, and the MACD has flipped bullish. Bollinger Bands have begun to expand again, pointing to increasing volatility and a potential breakout above the $124 resistance zone to reclaim its hold at $131.18. On the downside, LTC has its support at $103.80.
Institutionally, Litecoin gained attention after MEI Pharma allocated $100 million into LTC for its crypto treasury. Combine that with ETF optimism and 90% approval odds for altcoin funds, and Litecoin’s revival could be closer than many expect.
Solana price has risen to $191.79, up 3.13% on the day. It now boasts a market cap of $103.66 billion, with an 82.4% explosion in trading volume, reaching $6.4 billion. SOL recently reclaimed its $190 support level. This upward momentum follows a wave of institutional inflows that amounts to $311 million in just a week.
From a technical standpoint, Solana’s structure is bullish: it retested the breakout zone and formed a higher low, which is a classic signal of continued upward movement. The RSI at 63.69 remains in bullish territory. Talking about targets, the upside for SOL is at $209.18, while the support is at $182.57.
On the fundamental side, ecosystem activity is surging thanks to meme coin buzz, growing NFT utility, and the anticipated Alpenglow protocol upgrade, all of which are driving both fees and engagement higher.
Read more on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
