Over 60% of Litecoin holders are currently in profit as the altcoin has seen a price rebound and gained over 20% in the past few weeks. Litecoin's recent surge follows an announcement that it has gained memecoin status, which led to a 15% increase in price and a surge in trading volume. Despite the recent gains, Litecoin is still significantly lower than its 2021 all-time high. The increase in short-term holder balances and interest from miners suggest a possible price spike in the future. There is speculation on whether Litecoin will face resistance or continue pushing higher in the current cycle.



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