Is Litecoin (LTC) Price Set to Rally? Here’s the Outlook After the Pullback

2024-12-22 19:00

Litecoin just dropped back to an important price level, making traders wonder where it’s headed next. Crypto analyst InvestingHaven pointed out on X (formerly Twitter) that LTC’s price fell between $99-$109, which they see as a key support level through 2025. 

For LTC to keep climbing, it needs to stay above this range. The next big hurdle sits at $132.23. This price action could really shape where Litecoin goes from here, as InvestingHaven mentioned in his recent tweet.

Looking at the chart, you can see how LTC has moved over time, where it stands now, and what might come next. The key is watching these support and resistance levels – they’ll probably determine which way the price breaks.

Litecoin’s price went through several ups and downs, with prices falling steadily from 2018 to 2020. During this period, the token faced declining resistance lines that suppressed upward movements. This changed dramatically during the 2020-2021 period when LTC broke past its resistance and surged to a peak near $415.

Image Source: X/InvestingHaven

However, this rally was followed by a steep correction from 2021 to late 2022, during which Litecoin consolidated in the $50-$100 range. In 2023, the token began breaking out of its consolidation phase, surpassing long-standing resistance trendlines and regaining upward momentum. This movement has been interrupted by the recent pullback to the current support zone, a level that coincides with historical price clusters and previous resistance points turned support.

Read Also: XRP Price Approaches Key Level: Is a New High on the Horizon?

Key Levels of Support and Resistance

The $99-$109 support zone is considered a critical area for Litecoin’s price stability, as noted in the chart analysis. This level aligns with historical data and has emerged as a foundation for the token’s potential bullish trajectory. Below this zone, another support level is identified near $80, which corresponds to previous periods of consolidation.

On the upside, the next resistance level stands at $132.23, which could act as a short-term target if the support zone holds. Beyond this, a longer-term 2025 target zone is marked between $175 and $200, reflecting potential stretched bullish scenarios if upward momentum resumes.

Outlook Based on Current Price Action

Looking at recent price movements, Litecoin is at an important turning point. According to InvestingHaven, if it can stay above current support levels, the outlook for 2025 remains positive. If LTC’s price remains above this range, the next potential move could target $132.23, with further possibilities of reaching higher levels in the future.

The price’s ability to sustain this zone will determine whether Litecoin can continue its recovery or face deeper corrections. Market participants are closely watching this range, as it will likely define the trajectory of LTC’s price in the coming years.

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 Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
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.

The post Is Litecoin (LTC) Price Set to Rally? Here’s the Outlook After the Pullback appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price level litecoin ltc twitter fell formerly

price level → Результатов: 126


FTX Token Price Analysis & Prediction (Jan 24th) – FTT Bounces Back Above $2 After a Correction, Can it Hold That Level?

After a long crash, FTT found a local bottom earlier this month and recovered to $3 last week. The price dropped and rebounded but has failed to retake the previous price level. The FUD surrounding the FTX token is still very high considering the collapse and most importantly the fraud charge against the former founder […]

2023-1-24 10:35


Фото:

Ethereum to See “Price Discovery” in 2021; Analyst Targets $750

Ethereum has seen some slight momentum over the past 24-hours that has pushed its price towards $380 This is a critical level that has historically sparked both uptrends and downtrends Whether or not this level is broken above in the near-term will provide serious insights into the crypto’s outlook One analyst is noting that its mid-term market structure is incredibly bullish, and that it is likely to lead it into “price discovery” in 2021 As […]

2020-10-18 22:00