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Litecoin (LTC) is showing strength, trading at $98 after gaining 3.35% in the last 24 hours. As Bitcoin sets a new all-time high above $111,000, attention is shifting toward altcoins, with Litecoin standing out as a likely candidate for a potential breakout. In a recent X post, Cal Runefelt, a well-followed crypto analyst, pointed to […]
Litecoin is holding steady at a critical level after a strong 69% surge in the past month, riding the wave of broader market momentum. As Bitcoin flirts with its all-time high, analysts are closely watching LTC for signs of a potential breakout or breakdown. The current price action shows consolidation near a crucial demand zone, which has historically served as a pivot for Litecoins major moves. Related Reading: Range-Bound Ethereum Sees Volatility High Timeframe Levels Hold The Key While bullish sentiment is building across the crypto market, not all analysts are convinced. Some warn that if Bitcoin fails to break into price discovery and the broader market stalls, Litecoin could face renewed selling pressure. However, top analyst Carl Runefelt remains optimistic, sharing a technical view that suggests Litecoin is forming a bullish flag pattern on the charta structure that often precedes strong upward continuation. Runefelts target points to a breakout above the current range, supported by healthy market structure and recent gains. Still, the coming days will determine whether LTC follows through with a rally or pulls back. For now, Litecoin stands at a technical crossroads, with both opportunity and risk on the table. Litecoin Eyes Breakout As Market Awaits BTC Confirmation Litecoin is currently trading at a pivotal level, caught in the middle of growing speculation about the markets next major move. After a powerful 69% rally over the past month, LTC has entered a phase of consolidation, holding just above a crucial support level. The broader crypto market is in a similar position, with investors watching closely for a potential breakout in Bitcoin that could pull the rest of the market higher. As Bitcoin hovers just below its all-time high, Litecoin traders are holding their breath. Many believe that a breakout above the $109K mark for BTC could serve as a catalyst for altcoins, especially LTC. But not everyone agreessome analysts expect the market to cool down first, leading to a deeper correction before any renewed upside. Runefelt is firmly in the bullish camp. He recently shared a technical analysis highlighting a bullish flag pattern forming on Litecoins chart. According to Runefelt, Litecoin has already bounced from support, and this setup presents a high-probability breakout scenario. His price target for the move is $117.5, which would mark a significant push higher from current levels. Runefelt’s view aligns with the broader bullish sentiment thats slowly rebuilding across the market. However, the confirmation remains dependent on both Litecoins ability to break above short-term resistance and Bitcoins performance near its all-time high. For now, LTC investors remain cautiously optimistic, aware that momentum could shift quickly depending on macro market developments. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest Technical Details: Key Levels To Watch Litecoin (LTC) is currently trading at $95.35, showing resilience after a brief pullback from its recent local high near $106. The chart highlights a period of consolidation, with LTC finding support just above its 200-day exponential moving average (EMA) at $93.82 and slightly below the 200-day simple moving average (SMA) at $100.76. These two moving averages are now acting as a technical pivot zone, creating both resistance and support that could define LTC’s next move. After a strong rally from April lows around $66, Litecoin surged over 69% before facing resistance at the psychological $100 level. The price is now hovering in a tightening range, which could develop into a bullish continuation patternespecially if broader market sentiment remains positive and Bitcoin pushes above its all-time high. Related Reading: Ethereum Flashes Golden Cross Signal Can Bulls Push ETH To $3,000? Volume has slightly decreased during the recent pullback, indicating a lack of strong selling pressure. This supports the bullish thesis that the current move is a healthy consolidation rather than the start of a reversal. A breakout above the $100.76 resistance would open the door toward the $117.50 target, as mentioned by analysts like Carl Runefelt. Featured image from Dall-E, chart from TradingView
Key Takeaways: Litecoin (LTC) is flashing bullish signals amid a renewed surge of optimism across the crypto market. With Bitcoin recently smashing past the $90,000 mark, investor sentiment has turned decisively positive, breathing new life into altcoins, and Litecoin appears to be among the top contenders poised for a significant breakout. Over the past 24 […]
Litecoin is on the way to its positive trajectory after a long time of market volatility; it is experiencing a surge in its price. The recent increment in the BTC price has surged the altcoin prices, including Litecoin. As of now, the market has turned from bearish to bullish due to the recent surge. Litecoin […]
Litecoin (LTC) is in a range-bound mode at the current period as its weekly price displayed resistance to slump below a broken symmetrical triangle. Rose Premium Signals highlighted that the price of LTC is in the process of creating a bullish momentum as it holds certain indicative levels. This is after a period of fluctuating […]
Litecoin (LTC) has shown resilience amid market uncertainty and selling pressure, holding its ground despite the broader downtrend in cryptocurrencies. After retracing from $130 to the $100 mark, LTC has successfully held this crucial support, signaling that bulls are still active in defending key levels. Related Reading: BTC Could Gain Momentum For A Move To $150,000 If Bulls Reclaim This Level Details While most altcoins have struggled, Litecoin appears to maintain a slight bullish edge. According to Santiment data, LTC continues to show strength in its on-chain metrics, with the Market Value to Realized Value (MVRV) Ratio signaling a bullish outlook. This suggests that investors are still holding onto their LTC, with less incentive to sell at current levels, potentially paving the way for a recovery in the near future. However, the coming days will be critical for Litecoin, as Bitcoin remains under pressure, struggling below key levels. Market uncertainty continues to drive volatility, and if BTC experiences further downside, LTC could face increased selling pressure. On the other hand, if Bitcoin stabilizes or pushes higher, Litecoin could quickly capitalize on its strong fundamentals and begin a renewed upward trend. Litecoin Bulls Defend Crucial Demand Litecoin is currently trading between key liquidity levels, navigating months of volatility and uncertainty in the broader market. Despite the recent market downturn, LTC has shown relative strength over the past few weeks, managing to hold crucial support levels while other altcoins continue to struggle. Related Reading: Dogecoin Indicator Flashes A Buy Signal On The 4-Day Chart Is DOGE Gearing Up For A Rebound? However, price action remains uncertain, as Litecoin has been unable to break above key supply zones. Bulls have attempted to push the price higher, but selling pressure at resistance levels has kept LTC within a tight trading range. Until a clear breakout occurs, traders remain cautious about the next major move. Top analyst Ali Martinez shared insights on X, highlighting that Litecoin maintains a bullish outlook based on on-chain data. According to Santiments MVRV Ratio, LTC is showing strength, suggesting that investors are holding onto their positions despite the markets recent volatility. This metric often indicates whether an asset is undervalued or overvalued, and in Litecoins case, it signals that the coin still has strong upside potential. If the broader crypto market starts to recover, Litecoin could emerge as one of the strongest assets, given its relative stability and bullish on-chain signals. For now, all eyes remain on LTCs ability to hold key support levels and whether bulls can break past resistance to confirm a new uptrend. LTC Price Action: Technical Levels To Watch Litecoin is currently trading at $104 after facing days of selling pressure. However, despite the bearish sentiment, sellers have struggled to push LTC below the crucial $100 demand zone. This level has acted as strong support, preventing further downside, and every day that LTC holds above this mark increases the probability of a recovery move. For bulls to regain control, Litecoin needs to reclaim the $115 level soon. A decisive break above this resistance could trigger renewed buying momentum, paving the way for a push into higher price levels around $130-$145. These areas represent the next major liquidity zones, where LTC could face strong resistance but also attract significant bullish interest. Related Reading: 2.23 Million Chainlink Moved To Exchanges In Two Weeks Selling Pressure Incoming? If Litecoin continues to hold above $100, it would indicate buying confidence at lower levels, setting the stage for a potential breakout. However, failure to reclaim $115 in the short term could keep LTC in a prolonged consolidation phase, leaving its next major move uncertain. Featured image from Dall-E, chart from TradingView
Litecoin halving: will Litcoin reach 1000 $? Let's explore the impact of this pivotal event and the future it heralds for Litecoin.
Litecoin bulls seek to push LTC above $100 and in doing so, they get the hindwinds required to sustain the uptrend. Litecoin price is up [...]
Speculation on Litecoin's potential price trajectory is at fever pitch as Litecoin halving is soon. Can LTC reach $1,000 in the next bullrun?
Litecoin (LTC) movement in the market was recently explained by Alan Santana with the focus on the LTC/BTC pair. LTC has now experienced its first wave of upward momentum as defined by higher highs and higher lows after years of a downward trend. This is a significant event for the LTC price, which had been […]
Litecoin (LTC) is out of the long period of accumulation, signaling the beginning of the bull run. In a recent X post, Alan Santana noted that the cryptocurrency market tipped into a strong growth trajectory from the middle of 2022. LTC is now indicating that it is about to enter a major upswing as investors […]
Is a Litecoin price doubling possible? Let's take a look a this Litecoin price article in more detail.
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