Can Litecoin price reclaim $200 as key resistance nears?

Litecoin price rallied to an 8-week high of $132 as it approached a key weekly resistance zone, a breakout above which could trigger a rally toward $200 in the coming months.

According to data from crypto.news, Litecoin (LTC) price rallied nearly 15% to an intraday high of $132 on Oct. 10 morning Asian time, before settling at $130 at press time. At this price, the token remains 31% above its September low and 91% from its lowest point this year.

Litecoin’s gains appear to be largely driven by speculation surrounding a possible spot Litecoin ETF approval soon, which has rekindled investor enthusiasm. As of press time, Several well-known asset managers, including Grayscale, CoinShares, and Canary Capital, have either filed or updated their applications with the U.S. Securities and Exchange Commission.

Notably, Canary Capital’s recent amendments have fueled speculation that its proposed ETF may be moving closer to regulatory approval, despite the ongoing U.S. government shutdown.

Data from decentralized prediction platform Polymarket show that market sentiment at the time of writing was leaning heavily in favor of an approval this year, with the odds surging from 66% in July to 96% at the time of writing.

The approval of a spot Litecoin ETF could pave the way for institutional capital inflows while offering more traditional investors exposure to LTC without the need to custody the asset directly. This could boost investor demand for the token while injecting fresh liquidity into the Litecoin market, a move that may sustain the rally beyond just short-term speculation.

Litecoin’s gains have also been supported by the surge in daily transaction volumes, as highlighted by recent data from the Litecoin Foundation. The organization reported that 2025 alone accounted for 12% of all transactions on the network in its lifetime.

On the daily chart, Litecoin’s recent surge is pushing the price closer to the $135–$140 resistance zone visible on the weekly timeframe. This zone has acted as a strong ceiling since the start of the year, with bears stepping in to defend it each time LTC approached these levels.

As of press time, the token remained below all its key simple moving averages, although the shorter-term averages were positioned above the longer-term ones, a structure that typically signals underlying bullish momentum building beneath the surface.

Meanwhile, momentum indicators like the RSI were hovering around 62 when writing, which suggests Litecoin still has room to run before entering overbought territory near 70, where traders often start taking profits ahead of the next move higher.

If Litecoin manages to break out decisively above the weekly resistance zone with solid volume, it could pave the way for a rally toward $200, a level with little historical resistance in between. 

Interestingly, this target also aligns with the 61.8% Fibonacci retracement level, measured from the November 2021 high to the June 2022 low, a key area often watched by technical traders.

On the contrary, a rejection at the resistance zone could be the beginning of a bearish trend reversal for the token, according to crypto analyst Ali Martinez. 

“A rejection here [$135] could send Litecoin $LTC back to $50,” Martinez said in a recent X post.