Litecoin has been doing well lately – its price jumped 6.04%, and people are trading it a lot more, with volume up 44.40%. Analysts are looking at whether this rise might follow the same pattern as past rallies that happened after Litecoin halvings.
Crypto expert K A L E O suggested on X that Litecoin’s price has entered a bullish phase, aligning with historical patterns. The discussion also intensifies as Bloomberg reportedly increases the likelihood of an LTC ETF approval.
What you'll learn 👉
LTC Technical Breakout and Historical Halving Trends
A long-term Litecoin price chart reveals a breakout from two descending trendlines that previously acted as resistance for multiple years. These trendlines, once broken, suggest a shift in market sentiment from bearish to bullish. The most recent breakout appears to be holding, reinforcing expectations of further gains.
Historical halving events in August 2019 and August 2023 have been catalysts for price appreciation. Halvings reduce mining rewards, leading to a lower supply of new coins. Similar price action occurred after previous halvings, where Litecoin first consolidated before rallying to higher levels. The chart now suggests LTC’s price may be following the same pattern once again.
Moreover, veteran analyst Ali noted on X the importance of Litecoin’s price closing above $141 for further bullish confirmation. According to Ali, a sustained breakout above this level could open a price range toward $170–$200. Market participants are now closely watching whether LTC maintains its momentum or faces resistance at this critical level.
Read Also: Ripple Whales Accumulate as XRP Price Eyes These Targets
ETF Speculation Fuels Market Optimism
The possibility of a Litecoin ETF has added to the growing interest in the cryptocurrency. Bloomberg’s increased probability of ETF approval has been cited as a potential driver for higher prices. Institutional adoption through an ETF could bring new liquidity, further strengthening the uptrend.
With Litecoin’s price action aligning with historical post-halving rallies and growing discussions around an ETF, traders, and investors remain focused on key resistance levels and confirmations before the next major move.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
