Litecoin Price To Hit $150 As Grayscale Files For Litecoin ETF?
The cryptocurrency market has maintained its bullish price action for the 3rd consecutive day, highlighting a rising positive outlook. Moreover, with the latest update of the Grayscale filing on a potential Litecoin ETF, its native token, LTC price maintains its upward trajectory by adding ~20% this year.
With the rising bullish action for the Litecoin price, marketers are curious with questions like “Is this a good time to invest in Litecoin?” and “When will altcoin season begin?”
LTC Coin Price Records Increased Volatility!
The Litecoin price has added 5.67% in 24 hours with a trading volume of $1.205 billion, a change of +59.82%. Despite recording a correction of 2.36% in seven days, it has surged 14.23% in 30 days and has a YTD return of +19.27%. This suggests a constant increase in the buying pressure.
Moreover, the altcoin has formed a rounding bottom pattern and has been trading within it since December 2024. However, despite increased volatility, it has successfully maintained its value within the range. This suggests a strong bullish sentiment in the crypto market.
Litecoin Technical Sentiments
The Moving Average Convergence Divergence (MACD) successfully retests its neutral point, resulting in it recording a bullish rise. Moreover, the averages display a similar price action, suggesting that this altcoin will continue gaining momentum in the upcoming time.
On the other hand, the SMA indicator experienced a bearish convergence in the LTC price chart. This highlights mixed price action for the 19th largest cryptocurrency in the market.
Will LTC ever go back up?
Suppose, the market favors the bulls, this could push the price of Litecoin toward its immediate resistance level of $128.25. Maintaining the price above that level could push the value toward its upper high of $147.25.
Conversely, a bearish reversal could pull the price of this altcoin toward its support of the rounding bottom pattern. Further, if the market turns negative, this could result in the LTC coin price retesting its low of $109.
Are you curious about questions like “How high will Litecoin go this year?” Read CoinPedia’s Litecoin Price Prediction 2025, 2026 – 2030!
FAQs
The LTC price will require a surge of 8,049.31% in its valuation to achieve this milestone. Considering the historic market sentiments, it is highly unlikely for this altcoin to achieve that mark.
With increased adoption, the LTC crypto price could reach a maximum trading value of $528 by 2030.
The all-time high of Litecoin (LTC) crypto token is $412.96 and was recorded on 10th May 2021.
