- Litecoin price is up 100% since the summertime lows.
- LTC could rally towards $90 if a pierce above a swing high at $84 occurs.
- The uptrend scenario could fail if the $75 price level were breached.
Litecoin price confirms the bullish bias set forth by FXStreet analysts throughout the weeks. While a rally toward $100 seems imminent, this thesis identifies possible areas of resistance to stifle the LTC bulls.
Litecoin price moves higher
Litecoin price has continued to bolster positive returns to the hands of investors. Since January 1, the LTC price has surged by 16%, taking full control of the $70 zone., On January 9, the LTC price rose by an additional 3.5%, enabling the bulls to negotiate with bears over the psychological $80 barrier.
Litecoin price currently auctions at $80.41. The re-encounter with the $80 zone is a significant milestone as the LTC price has doubled since the summertime lows at $40.36 were established, an accomplishment very few cryptocurrencies can claim. While the LTC price hovers just below a clear liquidity level at $84, the 100% profit is a psychological number that could trigger a cascade of profit-taking from the early bulls.
Thus, traders may want to consider utilizing tight stop losses and practicing healthy risk management moving forward. The next LTC target is the $90 zone, and a second attempt at the $84 swing high should enable the bullish opportunity to manifest.
LTC/USD 1-Day Chart
Invalidation of the bullish thesis could be placed below the 8-day exponential moving average at $75. A breach of the barrier could be an early market reversal warning, as bears have liquidity levels at $70 and $65 that \remain untested since the LTC rally. The downtrend scenario creates the possibility of a 20% decrease from Litecoin’s current market value.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin Weekly Forecast: BTC remains calm before a storm
Bitcoin price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday. A K33 Research report explains how the markets are relatively calm and shaping up for volatility as investors absorb the tariff announcements.
Donald Trump’s tariff policies set to increase market uncertainty and risk-off sentiment
US President Donald Trump’s tariff policies are expected to escalate market uncertainty and risk-off sentiment, with the Kobeissi Letter’s post on X this week cautioning that while markets may view the April 2 tariffs as the "end of uncertainty," it anticipates increased volatility.
Ethereum Price Forecast: Whales increase buying pressure as developers set April 30 for Pectra mainnet upgrade
Ethereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call. Whales have stepped up their buying pressure in hopes of a price uptick upon Pectra going live on mainnet.
BTC stabilizes while ETH and XRP show weakness
Bitcoin price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders. However, Ethereum and Ripple show signs of weakness as they face resistance around their key levels and face a pullback this week.
Bitcoin: BTC remains calm before a storm
Bitcoin (BTC) price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.