July 4 (Cointime) - Litecoin (LTC) saw a gain of over 25% last week, making it the top-performing cryptocurrency in the top ten. The price of LTC reached a new high of $114, with a market cap of over $8 billion.

However, analysts are warning investors to exercise caution as the on-chain indicator suggests that a sharp price correction typically follows when the MVRV 30D exceeds 30%.

The upcoming halving event, scheduled for mid-August, has sparked excitement among investors as they hope it will further boost the price of Litecoin.