Gate News Bot news, August 5th, according to CoinMarketCap data, as of the time of writing, LTC (Litecoin) is currently priced at $122.65, with a rise of 10.90% in the last 24 hours, reaching a high of $123.01 and a low of $103.75, with a 24-hour volume of $1.494 billion. The current market capitalization is approximately $9.34 billion, an increase of $918 million compared to yesterday. Litecoin is a peer-to-peer Internet Currency that enables instant, nearly zero-cost global payments. As an open-source global payment network, Litecoin is fully decentralized, with no central authority. The network is secured by mathematics and gives individuals control over their finances. Compared to leading mathematically-based currencies, Litecoin has faster transaction confirmation times and higher storage efficiency. With substantial industry support, volume, and liquidity, Litecoin has proven to be a strong complement to Bitcoin. Recent important news for LTC: 1️⃣ LTC price breaks through the $90 mark. Litecoin has shown strong recent performance, successfully breaking through the key resistance level of $90. This breakout opens up further upside potential for LTC, attracting more investor attention. The current price is nearing $123, showing strong upward momentum. 2️⃣ Technical indicators show oversold signs. Despite LTC's recent significant price increase, technical analysis indicators suggest that the market may be in an oversold state. This implies a possible pullback in the short term, and investors should remain vigilant. However, from a medium to long-term perspective, the current price may still be seen as a potential buying opportunity. 3️⃣ Market expectations for LTC price target raised. With Litecoin's strong price performance, market analysts have begun to raise LTC's price targets. Some opinions suggest that LTC is expected to challenge higher price levels above $100, potentially reaching new highs around $123. This optimistic outlook further boosts market sentiment. From a technical perspective, LTC has rapidly risen after breaking through $90, showing strong upward momentum. However, indicators like RSI are nearing the overbought zone, which may face pullback pressure in the short term. Investors should closely monitor key price levels such as $100 and $123 to assess future market direction. This news does not constitute investment advice; investors should be aware of market volatility risks.