Litecoin's utility as a payment solution is expanding, particularly with PayPal's Venmo now allowing users to purchase LTC, which enhances its appeal across both Web2 and Web3 platforms.

The price movement and volatility of both Litecoin and Ethereum Classic are being tracked using Bollinger Bands, which indicate varying levels of market volatility.

Litecoin (LTC) is currently trading at $72.6, reflecting a potential bull run fueled by increasing institutional interest and regulatory developments.

Despite a recent decline of 4.96% in the past 24 hours, Litecoin has seen an 8.0% gain over the past week, rising from $66.66.

The cryptocurrency achieved its highest on-chain transaction volume in 16 months, totaling nearly $4 billion in a single day, indicating heightened activity within its ecosystem.

Canary Capital's recent filing for a spot Litecoin ETF could significantly enhance adoption and liquidity, potentially acting as a catalyst for LTC's price growth.

Trading volume for Litecoin surged by 24.0% over the last week, while its circulating supply decreased slightly by 0.29%.

In contrast, Ethereum Classic has experienced a 3.16% decline in the last 24 hours, now priced at $19.53, despite a 36.0% increase in trading volume over the past week.

With a market capitalization of approximately $5.53 billion, Litecoin ranks #26 in the market, supported by a circulating supply of 75.10 million LTC.

The daily LTC/USD chart indicates a recovery pattern, having bounced off a support level at $63, with bullish indicators suggesting a potential price increase.

Litecoin's price is approaching a crucial resistance level at $74.00, supported by a significant support level at $71.50, with the possibility of reaching $77 if upward momentum continues.

Ethereum Classic's market capitalization stands at approximately $2.91 billion, ranking it #34 in the market.