$SUI surges 49% – Can it overtake Litecoin in the top 20? - AMB Crypto Analytics

Sui (SUI) ended the week as the top gainer among the top 25 tokens, surging 49% to $1.62 and positioning itself for potential competition with Litecoin (LTC), which rose 8% to $68.49. With SUI aiming for its March all-time high of $2.09, the chances of it surpassing Litecoin in market rank are increasing. Despite broader market volatility, SUI has shown consistent bullish movement, gaining over 100% since the start of September.

However, SUI’s surge has raised questions about its sustainability. Increased trading volume and high investor interest coincide with Bitcoin's return to the $64K range, attracting more attention to SUI. Yet, the rise has led to a significant inflow of SUI into exchanges, indicating some profit-taking might occur soon. Traders remember the sharp decline SUI faced after its previous peak, raising concerns about a possible retracement.

The growth rate of SUI compared to LTC is critical. While LTC has been consolidating between $60K and $70K with declining volume, SUI has experienced a notable rally. If bulls can maintain liquidity and hold the $1.70 support, SUI may well replace LTC as the 20th largest coin by market cap, especially if it targets its all-time high.