Litecoin has recently experienced its first significant breakout since July, with its price rising above $73. On-chain volume and retail interest have been key drivers of this surge in value.
This positive development for Litecoin comes after a period of relative stability in the cryptocurrency market. The increase in on-chain volume indicates that there is a growing interest in Litecoin among investors. Retail interest, in particular, has been a major factor in driving the price of LTC higher.
Overall, this breakout is a promising sign for Litecoin investors and enthusiasts. It shows that there is still strong demand for the cryptocurrency, and that it has the potential for further growth in the future.