Litecoin Eyes $130 After Range Break; MWEB Privacy Layer Surges

• Litecoin flipped the long-term range midpoint into solid technical support.
• MWEB now holds 156,000 LTC, reflecting strong privacy layer demand

Litecoin (LTC) is showing signs of strength after reclaiming a major price level. Crypto analyst Crypto Tony reported that LTC/USD has flipped the equilibrium (EQ) of its historical trading range into support. 

This level, between $86 and $88, has acted as both resistance and support in past cycles. Now that LTC is holding above it on the weekly chart, it suggests a momentum shift to the upside.

Litecoin has historically traded between $57 and $137. With the EQ now acting as support, traders are watching for a potential move toward the upper boundary near $130. 

Sustained momentum could drive a breakout, ending the prolonged consolidation seen in recent months. Market sentiment is beginning to shift as technical conditions improve.

MWEB Adoption Hits Record as Network Expands

While price action strengthens, Litecoin’s on-chain fundamentals are also improving. The Litecoin Foundation confirmed that over 156,000 LTC, worth more than $13.5 million, are now locked into the MimbleWimble Extension Block (MWEB).

Launched with Litecoin Core 0.21.2 in May 2022, MWEB enhances privacy through confidential transactions, CoinJoin features, and stealth addresses.

MWEB operates as an opt-in privacy layer secured by proof-of-work. It reduces blockchain bloat by pruning spent data, making the network more scalable. More than 90% of miners and nodes now validate MWEB blocks, showing widespread support and adoption.

According to analyst Justin Bons, Litecoin stands out for offering both privacy and scalability features that are not often found together. 

He contrasted this with privacy coins that struggle to scale, and chains like Solana that lack built-in privacy. With Aztec’s LitVM expected to bring smart contracts to Litecoin, the network is evolving into a fully programmable, privacy-focused blockchain.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.