There is always speculation in encryption space, and Litecoin is not an exception. Some community members still adhere to the idea that LTC can reach $ 500 in this session. It is a popular figure that has emerged from time to time on social media and their holders for a long time. But let’s be realistic. While acute gatherings can occur in encryption, the current market structure, data on the chain, and delay ETF indicates that this goal is now far.
Those who were around the encryption for a sufficient period know that the main price movements sometimes come out of nothingness. So yes, nothing is completely outside the table. But based on what Litecoin price plans and the basics show, this type of penetration is not likely to be probably in the short term.
The price of Litecoin continues to run in resistance
Litecoin began to show signs of life in April after wearing a long -term support area ranging from $ 66 to $ 73. The price was slowly way, as a upward trend line, and reached $ 95. However, this level has proven that it is difficult to break. The range of 93 – 95 LTC was rejected twice, creating a strong resistance area.
Meanwhile, the long -term downward trend line dating back to March 2025 continued to reduce every collapse attempt. This structure remains firmly. If the LTC price is not able to remove this area, it is unlikely to see any high explosive movements.
Support still holds between 83 to 84 dollars, and if this is disrupted, the price may be re -visits the demand area from 66 to $ 73. Currently, LTC is trading between opposition trend lines, which creates pressure. A strong outbreak is needed to change the momentum, but this has not yet happened.
Moreover, the idea of Litecoin ETF gave many hope investors. But the American SEC has pushed the decisions to many topical ETF files, including those in my gray and Canary Capital. These delays, which are pushing the dates of potential approval until late 2025. This means that any real institutional flow may push a major gathering in a temporary stop.
Even with the acquisition of pro -calamities organizers, many analysts have raised concerns about the amount of demand that these investigative funds already generate. Wall Street has already put a long list From strange Crypto ETF files, including those for Litecoin. But most attention and capital are still heading to bitcoin and ethereum products.
Therefore, even if ETF LTC is approved, it may not create a kind of momentum in which some investors hope.
Data appears on the support chain, but there is no fireplace
Looking at the scales on the chain, about 59 % of Litecoin holders are in profit. This is a positive sign. The last 78 % of metal currency holders kept more than a year, indicating a long -term condemnation. The volume of large transactions reached more than $ 53 billion a week, with net flows exceeding $ 11 million.
However, the LTC price association with Bitcoin is only 0.18, which means that LTC does not move simultaneously with the broader market clusters. This low association may limit the bullish direction if bitcoin price continues to pay morale at the market level without liting LTC along.
Despite the strong Holding and accumulation Holding behavior, none of this was translated into a collapse price movement.
Will it happen unrealistic?
Litecoin has reached its highest level ever at about $ 412 in May 2021. Since then, he has not approached the re -testing of this level. The market is different now. Liquidity is thinner, the investor focused scattered, and Litecoin faces strong competition from the latest networks that provide more benefit.
Unless the price of Litecoin removes the large resistance, it secures strong The flows driven by ETF, the renovated gains for the investor, and the opportunities for $ 500 this course are still very low. Technical preparation shows pressure, not energy. Without a clear upper incentive, the target of $ 500 appears to be more likely to think more than realistic expectations.
Also read: Why HEDERA (HBAR) may not reach $ 1 in 2025 despite the upscale predictions
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