Litecoin price trades below key averages as open interest halves to $350 million

Litecoin ’s latest infrastructure push, highlighted by its LitecoinVM project moving its testnet to Zeeve, is generating fresh attention from developers and the broader crypto community. However, the price of Litecoin continues to face heavy selling, with bearish trends shown across major technical indicators. The Litecoin Foundation, a non-profit organization dedicated to advancing Litecoin, recently spotlighted a significant update on X. The foundation shared that LitecoinVM, a project focused on enabling smart contracts for the Litecoin blockchain, has migrated its LiteForge testnet to Zeeve, a platform specializing in blockchain infrastructure solutions. The announcement described this transition as “a major infrastructure upgrade” intended to enhance the platform’s core capabilities and support ongoing smart contract development.

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