The price of LTC broke past $135, an important level it was struggling to cross, going up more than 5% in the last day. Right now, LTC is selling for $136.55, making it one of the top performers in the market. With this rise, people are wondering if Litecoin might hit $200 soon.
LTC’s has been steadily climbing, reaching new peaks, and setting higher bottom prices each time. Breaking through this tough price barrier shows it could keep going up. The Litecoin price is following an upward path that’s been holding strong, suggesting this rise might continue.
The technical signs back up this positive outlook. The price is staying above its 9-period moving average, which helps keep it supported. The RSI is at 67.80 – that’s pretty high but not too high, meaning LTC’s price could pull back a bit before pushing higher again.
What you'll learn 👉
Key LTC Price Levels to Watch
Support and resistance levels remain critical in determining the next move for Litecoin. The $132 level, in alignment with the 9-period EMA, serves as immediate support. This support zone looks even stronger when you look at the upward trend line. Looking up, LTC’s price keeps hitting a wall between $136 and $140 – it’s tried to break through several times now.
If it finally pushes past $140, we could see it climb to $160-$180 pretty soon. But if it can’t stay above that level, it might fall back to around $120-$125 before trying again.
Read Also: How Many ONDO Tokens Do You Need to Become a Millionaire?
Potential Price Trajectory for LTC
Right now Litecoin is trying to break through a key price range around $136-$140. It’s been making higher lows lately, forming what traders call an ascending triangle – this tends to lead to higher prices.
If Litecoin’s price can finally push past this resistance zone, we could see it climb toward $200 in the next few weeks. But if it can’t get above this level, it might need to pull back and build more momentum first.
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.
