Key Insights:
- Litecoin volumes recorded a 10% uptick in daily volumes with the LTC price hovering near $96.
- An expert now eyes a 10x LTC price rally if a bullish technical setup plays out successfully. According to the analyst, Litecoin could trace a similar price rally as Zcash and test the $900 – $1000 level.
- Zcash barely gave traders time to react once it broke resistance, and the strong rally happened because all that built-up energy was finally released.
Litecoin volumes recorded a 10% uptick in daily volumes with the LTC price hovering near $96. Earlier on Wednesday, the price had reclaimed the $100 but corrected by five points following a slide across the overall crypto market.
An expert spotlighted a technical setup that puts a potential 10x rally on the cards. If this setup plays out, the Litecoin price could jump as high as $1000.
Litecoin Price Prediction: Expert Eyes LTC Price Rally To $900
Litecoin is back on traders’ radar today. After a quick drop earlier in the session, LTC price found support in the mid-$90s, and buyers started stepping in again.
The shift in momentum is visible on the volume profile as activity increased by 10% over the last 24-hours, accompanied by an 8% rise in price.
From there, the recovery developed with real conviction. The first solid green candle pushed back above the short-term moving average, immediately improving the chart’s tone.
Momentum indicators followed suit: the RSI curled up from oversold levels, and the MACD histogram started to reflect early signs of a bullish reversal.
While this doesn’t confirm a trend shift, it does indicate that sellers may be losing control.
The key level to watch now is the horizontal resistance just below $100. This zone previously acted as a firm ceiling, and reclaiming it could open the door to a broader move higher.
If Litecoin price breaks through with strong volume, the technical picture changes meaningfully, especially as sentiment begins to heat up on crypto Twitter.
CryptoSnorlax captured the mood with a tongue-in-cheek remark about a potential “ZEC-style 10x pump.” It’s exaggerated, but it reflects the growing curiosity around the sudden strength of LTC price.
For now, the structure is straightforward: buyers have regained some momentum, overhead resistance is close, and a breakout above $100 would mark a decisive shift in trend.
Litecoin Price Rally Vs Zcash
Litecoin (LTC) price is now forming a pattern that looks very similar to the one Zcash had before its big breakout earlier this year. When you compare the two charts, the resemblance is pretty obvious.
ZEC crypto spent months moving inside a tight wedge, scared out some traders with a few sharp drops, and then suddenly shot upward in a strong rally.
In the same way, LTC price has been moving inside a wide, rising range. It has tested the top of that range several times but hasn’t broken through yet.
Right now, the key point is how close Litecoin is to the end of this pattern. When markets reach this kind of “squeeze point,” they often make a big move soon after.
If LTC price breaks out like ZEC did, the move could happen very quickly. Zcash barely gave traders time to react once it broke resistance, and the strong rally happened because all that built-up energy was finally released.
For now, everything depends on the top of the wedge. If Litecoin price can finally break above that level, it could open the door to a much bigger move, possibly similar to the surprise rally ZEC pulled off earlier this year.