The cryptocurrency market maintained its bullish run for the third straight car, highlighting the increasingly positive outlook. Moreover, with the latest update of gray files on a potential Litecoin ETF, the native token LTC, LTC is maintaining its upward trajectory by adding almost 20% this year.
With the bullish action in Litecoin price rising, marketers are curious with questions like “Is this a good time to invest in Litecoin?” and “When will Altcoin season start?”
LTC coin price records increased volatility!
Litecoin price added 5.67% in 24 hours with a trading volume of $1.205 billion, a change of +59.82%. Despite recording a 2.36% correction in seven days, it rose 14.23% in 30 days and has a YTD return of +19.27%. This indicates a continuing increase in buying pressure.
Moreover, AltCoin formed a rounding bottom pattern and has been trading since December 2024. However, despite the increased volatility, it has successfully maintained its value within the range. This indicates strong bullish sentiment in the crypto market.
Litecoin technical sentiment
The Moving Average Convergence Divergence (MACD) retests its neutral point, recording a bullish rally. Moreover, the averages are displaying similar price action, indicating that this altcoin will continue to gain momentum in the coming time.
On the other hand, the SMA indicator witnessed a bearish convergence in the LTC price chart. This highlights the mixed price action of the 19th largest cryptocurrency on the market.
Will LTC ever come back?
Assuming the market favors bulls, this could push Litecoin price towards its immediate resistance level of $128.25. Maintaining the price above this level could push the value towards a higher high of $147.25.
Conversely, a bearish reversal can pull the price of this altcoin towards its support of the circular bottom pattern. Moreover, if the market turns negative, it could lead to a retest of the LTC price to the $109 level.
Are you curious about questions like “How will Litecoin go this year?” Read Litecoin Price Prediction Coinpedia 2025, 2026 – 2030!
Frequently asked questions
The price of LTC will require an increase 8,049.31% In her assessment of achieving this milestone. Given historical market sentiment, it is unlikely to achieve this mark.
As adoption increases, the price of LTC crypto could reach maximum trading value $528 By 2030.
The all-time high level of the Litecoin (LTC) crypto token is $412.96 It was registered on May 10, 2021.
