Litecoin Bull Run Begins: Key Indicators Point To Record Highs By 2025
- Litecoin exits the accumulation phase, signaling the start of a bull market with potential record highs by 2025.
- LTC trading volume hits an 8-month high, reflecting renewed investor confidence and market growth prospects.
- Bullish trends position Litecoin as a strong contender for substantial gains and long-term success in crypto markets.
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 start to position themselves for a possible move toward fresh record highs in the next five years.
The analysis suggests that Litecoin is out of the long-term price accumulation range set back in August 2024. This shift is a big inflection point, which puts LTC out of the gradual accumulation phase and into the growth area. A priced ramp-up from August to November 2024 paved the way for this shift after a market bottom in June 2022 and a higher low in August 2024.
Source: Chart by Alan Santana
Litecoins Price Momentum
Some important price levels indicate that LTCs rally is still relatively nascent, and thus, it is suitable for long-term stacking when the price is below $100. Even though the best time to buy has already gone, the strong market fluctuations can still make some entry points.
The broader cryptocurrency market has also revealed positive indications with the rising volume of Bitcoin contributing to the movement. Also, LTCs trading volume this week is projected to maintain the highest levels since March 2024, which indicates that more investors are coming back into the market. This rise has been seen after eight months of market adjustments that experts think have opened the door for Litecoin to enter its rebound and expansion period.
As a bull market, Litecoin follows the general path of other cryptos, as the market climbs higher. LTC investors should pay attention to the cryptocurrency, as the latest price trends indicate that it may lead the subsequent major cryptocurrency surge. At the time of writing, LTC is at $82.12, with 0.20% increase in the last 24 hours, and a 16.42% rise in the past week.
Source: TradingView
Litecoins Path To 2025
From this point onwards, the way to 2025 appears rather bright for Litecoin. According to Santana, Litecoin is likely to hit new record highs in the next several years due to the opening of new markets and positive sentiment. Since the cryptocurrency is slowly but surely recovering and actively traded, the chances for a substantial increase in the near future are high.
As the market slowly shifts its focus and more and more indicators show that the growth is to continue, Litecoin is set to become one of the main attractions in the cryptocurrencies space. LTC seems very favorable for the long-term investors and newcomers as it gets ready to switch to the next phase of its development.
Read more: https://www.tronweekly.com/litecoin-bull-run-begins-key-indicators-point/
Text source: TronWeekly
