币界网报道：Litecoin (LTC) surged 7% this week as traders anticipate a potential golden cross formation, signaling bullish momentum. The cryptocurrency climbed to $72.50, marking its highest level since mid-January, with trading volume spiking 40% over 24 hours. Analysts note the 50-day moving average is approaching the 200-day line, a technical pattern that historically precedes extended rallies. The rally coincides with Litecoin's upcoming halving event in August 2024, which will reduce mining rewards by 50%—a supply shock that previously triggered price surges in both 2015 and 2019. Market sentiment improved as Bitcoin stabilized above $43,000, with the broader crypto market capitalization reclaiming $1.6 trillion. Litecoin's network activity shows strength, processing 34% more transactions than Ethereum last month while maintaining lower fees. Institutional interest grows as Grayscale's Litecoin Trust (LTCN) trades at a 250% premium, though some warn the golden cross could be a lagging indicator if macroeconomic conditions worsen. The token remains 75% below its May 2021 all-time high of $412, with technical resistance seen at $80 and $100 levels.