Buyer-initiated orders have become the dominant force driving $LTC out of its lull.
Aggressive spot buying accounted for 66% of activity, directly pushing the price to $59.13 and breaking it out of the sideways range where it had been capped at $58.79 for the previous four hours.
Short-term trading volume rose to over $610,000, about 1.8 times the earlier average, as a flurry of buy orders quickly absorbed the existing sell-side liquidity overhead.
This rapid push higher clearly reflects concentrated short-term buying pressure, but after breaking out of the previous range, the trend will depend more on whether buyers and sellers can sustain turnover at higher levels.
Aggressive spot buying accounted for 66% of activity, directly pushing the price to $59.13 and breaking it out of the sideways range where it had been capped at $58.79 for the previous four hours.
Short-term trading volume rose to over $610,000, about 1.8 times the earlier average, as a flurry of buy orders quickly absorbed the existing sell-side liquidity overhead.
This rapid push higher clearly reflects concentrated short-term buying pressure, but after breaking out of the previous range, the trend will depend more on whether buyers and sellers can sustain turnover at higher levels.