ASX Lithium shares are on the rise today

ASX 200 lithium shares, like $Liontown Resources Ltd (LTR.AU)$ are climbing their way up the charts today, with LTR seeing a whopping rise of up to 9.70% today.

Liontown isn't alone though, with $Pilbara Minerals Ltd (PLS.AU)$ also seeing an increase of up to 7.47% today, and $Sayona Mining Ltd (SYA.AU)$ up 5.13% as well.

It could potentially be due to a rise in share price target for world’s biggest lithium company $Albemarle (ALB.US)$. ALB last night also saw a 5.82% surge on the US market, which could have set the tone for Australia.

With lithium prices down 85% from their record highs, another reason could be that lithium prices have found a bottom. Moomoo Market Strategist Jessica Amir called our attention to lithium shares last week, check out her video to see why shares may be increasing earlier than expected.