Following the LTC ETF speculation grows hinted by CNF earlier, it was predicted if the Can Litecoin Rally to $128. At the moment, Litecoin (LTC) is experiencing a notable resurgence, with its price climbing to $77.47 as of April 15, 2025, according to CoinMarketCap data.
With this upward movement, it has reignited discussions among investors and analysts about the potential for LTC to reach higher price targets in the near future.
Analysts have observed that Litecoin has broken above key resistance levels, particularly the $75 mark, which had previously acted as a significant barrier.
As shared by Simon Hayes, LTC Litecoin on Binance and everywhere Litecoin has broken the downtrend resistance line. Hold $75 for continuation to $100 and $130. Support at $75 and $64 if the market sees a dip.
$LTC #Litecoin on @Binance and everywhere 🌎.
Litecoin has broken the downtrend resistance line✅. Hold $75 for continuation to $100 and $130 📈. Support at $75 and $64 if the market sees a dip 📉.
Learn more 🔗https://t.co/zUVugVQDCc
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TG… https://t.co/Wu0XmOxLUk pic.twitter.com/5Ofyfg9zhe— Simon Hayes (@Hayess5178) April 13, 2025
Moreover, this breakout is supported by technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both of which suggest continued bullish momentum. The RSI indicates that LTC is not yet in overbought territory, leaving room for further gains.
Miner Accumulation and Market Sentiment
According to some recent reports, in addition to technical factors, on-chain data reveals that Litecoin miners have accumulated approximately $18 million worth of LTC over a recent period. This accumulation reduces the available supply on exchanges, potentially leading to increased demand and higher prices.
Furthermore, the overall market sentiment towards cryptocurrencies has been positive, with Bitcoin’s recent performance boosting confidence in altcoins like Litecoin.
Potential Price Targets and Resistance Levels
Looking ahead, analysts have identified several key price targets for Litecoin. The immediate resistance levels are around $130 and $140, with some projections suggesting a potential rally towards $150 if current momentum continues.
These targets are based on historical price patterns and technical analysis, indicating that LTC could experience significant gains if it maintains its current trajectory.
Litecoin’s recent price action, supported by technical indicators and miner accumulation, suggests a bullish outlook for the cryptocurrency. However, while resistance levels at $130 and $140 present challenges, the potential for LTC to reach these targets appears plausible given current market conditions.
However, despite a slight decrease of 0.79%, LTC still shows potential to reach the $130 mark. See the LTC price chart below.
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Source: https://www.crypto-news-flash.com/litecoin-breakout-rally-begins-can-ltc-hit-130-next/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-breakout-rally-begins-can-ltc-hit-130-next