Key Takeaways
- LTC price action remains bullish above $110 support. The price could break above $130 for a possible rally to $200.
- Litecoin (LTC) buy sentiment in crypto remains strong despite market uncertainty.
- Kaleo, a crypto technical analyst, believes LTC’s current price action looks best since it’s halving in 2023.
The price of Litecoin (LTC) has remained the best-performing altcoin in the last few days, demonstrating strong bullish price action despite the uncertainty in the market. Bitcoin’s price also looks weak as it struggles to defend its $95,000 support.
Litecoin (LTC) has maintained strong bullish momentum, gaining much attention in the crypto space and much speculation among top crypto experts. Many suggest the price of Litecoin (LTC) could rally above $150 in the coming weeks if key resistance is broken, given the liberty for an upward price rally.
The current market sentiment for Litecoin (LTC) remains bullish. However, Bitcoin’s price continues to move in a range as it struggles to find strong upward price action. This limits BTC’s price to around $95,000 to $98,000, as the price needs to break out with strong volume, which could give the market an opportunity for a bounce.
Litecoin (LTC) Defends Support At $110
LTC’s failure to trade below the $110 support region is a good sign for bulls. If the price breaks out of its higher timeframe resistance on the daily timeframe, bulls will push it towards $150 to $200, as the price has struggled to trade higher above $130 for weeks.
Technical indicators such as Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Simple Moving Averages (MA) all point to LTC bullish price action as current market sentiment could help build strong volume for price in the coming days.
Is Litecoin A Buy Or Sell In February?
Top crypto expert Kaleo took to his X account to highlight how long he has waited for LTC price action to play out since its rally in 2023, halving where Litecoin price failed to meet market expectations as price crashed from $115 to a region of $55.
Kaleo believes that the price of Litecoin (LTC) is ready for a mega rally as price is expected to rally towards $200 or more in the coming weeks as the crypto market begins to find price recovery to the upside.
According to Kaleo’s technical analysis, the bulls are currently dominating the price of LTC, leaving the bears with little to no effect on the price of LTC as bulls continue to dominate prices above $110 on all timeframes.
If the price of LTC breaks above $200, we could see a price rally higher towards $350 to $500 before the year ends, considering Litecoin (LTC) is a big player from the previous bull cycle and could pull up such a rally in the current market.
Litecoin (LTC) FAQs
Is Litecoin Expected To Go Up?
The current price action for LTC is upward price action.
Can LTC Reach $10,000?
While this price speculation is way too much there is a possibility of price hitting this target in the future.
How High Will Litecoin Be In 5 Years?
LTC has the potential to trade above $1,000 in the next five years
What Will Litecoin Hit By 2025?
LTC could hit a target of $400 to $500 before the year ends.
