Recent data indicates that Litecoin registered significant volume increases, which created strong price fluctuations that attracted many traders and investors.
Technical indicators currently point towards increasing value, which leads analysts to speculate whether Litecoin can achieve $350.
Litecoin Price Current Breakout Targets a 168%
Data from recent market activity indicates Litecoin has shown a successful breakout which may lead to a distinct price movement direction.
Analyst Javon Marks predicts the cryptocurrency will reach $354.36 which would amount to a 168% growth from its current value.
The price prediction integrates multiple technical signals along with historical market trends.
Notably, market sentiment directions often signal through breakouts that signal upward price sustainability.
When Litecoin exceeds its past resistance, it creates potential for increased value in the following months.
Volume Spikes and Higher Lows
More so, the historical price movement of Litecoin features growing investor confidence due to accelerating volume and increasing lows.
Significant market events become evident through volume spikes because such spikes demonstrate that retail and institutional investors actively participate in Litecoin’s price movement.
Higher lows play a crucial role in recognizing an established trend’s strength.
The price action showing increasing bottoms indicates investor interest to buy at progressively higher levels and thus confirms an upward trend trajectory.
These technical signals suggest that Litecoin could be entering a more sustained upward phase, with increased investor participation contributing to further price appreciation.
Key Resistance to Hold for LTC Price Ascent
Meanwhile, for Litecoin price to reach its $350 target while maintaining upward momentum, it needs to sustain positions above the critical support points at $122.
The price must maintain a position above the resistance levels at $128 and $130 to avoid market reversals or pullbacks.
Additionally, a successful breakout above Litecoin’s resistance zone would significantly strengthen the current uptrend.
The price projection for Litecoin depends heavily on analyzing key support and resistance levels to know if an upward movement can continue.
LTC Technical Analysis and Price Action
On the technical indicators, the MACD signal for Litecoin reflects a bullish trend as it demonstrates an MACD reading of 1.31 above the signal line that stands at 0.99.
A positive MACD value indicates bullish price dynamics because the MACD line stays above the signal line.
Additionally, the histogram displays a positive value which strengthens the evidence that buying pressure controls the market.
Furthermore, the Bull Bear Power indicator displays 4.95 points which demonstrates robust bullish market conditions.
The BBP indicator reveals the market power relationship between buyers and sellers by assessing buyer domination with positive values.
The positively valued indicator demonstrates that Litecoin is undergoing market momentum toward growth as more investors purchase.
At press time, Litecoin price was trading at $123.56, up 2.52% in 24 hours.
The price saw volatile swings, peaking above $132 before retracing. Volume remains steady at $1.76 Billion, reflecting active trading.
Source: https://www.thecoinrepublic.com/2025/03/01/will-litecoin-price-surge-past-350-amid-bullish-breakout/