- Litecoin is currently At $ 86, the focus is initially on the $ 100 brand as an intermediate destination – and from there there is even more space upwards.
- The 2025 forecasts remain optimistic and call course areas between $ 100 and 190.
Litecoin is on the way of improvement after a long, difficult phase. With a current price of $ 86.00, LTC has improved significantly after the recent slump and is faced with a critical level of resistance that has to be exceeded for further growth.
The process was initiated in early April when Litecoin turned the downward trend that had existed since February.
The outbreak revived the vitality and the appetite of the dealers to test the price level of $ 100. The increase in the Litecoin value up to the test of the resistance area of $ 90.72 last week was consistent.
Although the course was difficult to close above this area, it remains within reach if the purchasing power increases. On the underside, the direct support is $ 82.85 during A stronger one Support at 70,64$ too is observing. These values are of crucial importance for maintaining short -term stability.
Technical setup supports continuing price gains
Show the momentum indicators that the prospects for the near future are rather positive. The RSI moved moderately at 55.7 and describes the presence of a bull market while it is still below the maximum overbought level.
Such a situation means that it is a greater chance for a future price increase givesif the purchasing power on the market continues. It can be concluded from thisthat the MacD is an interest bully indicator, but not a clear one Growth signals has .
You can even count on a possible turn before the upward trend. Nevertheless, the technical diagram shows that the current state of the market is characterized by a price -breaking downward trend and therefore still shows potentially high prices for Litecoin.
A clear outbreak over the level of $ 90.72 in Litecoin would mean that cryptocurrency could increase almost immediately to $ 100.09, since $ 90 is a round number and a technical area. Further above we have targets of $ 120.31 and $ 130.38.
On the other hand, a price slide under $ 82.85 would mean that the market dynamics would decrease and The price probably falls back to the $ 70.64 mark that tort Main accumulation zone war .
LTC ETF probability increases to 90%
An event the Shortly in front of the door, the turning point for the Litecoin market seems to be. Loud Eric BalchunasSenior ETF Analyst at Bloomberg, is the likelihood that a Spot Litecoin ETF is is approved nun rose to 90 %, and the final decision period is On the 2ndOctober FOUNT.
If the ETF gets green light, it will certainly change the market then is Most likely larger institutional investors will attract, which in turn will drive up both the price and demand.
This is a source of trust in the uniqueness of Litecoin’s technical upswing and becomes for Dealer be an incentivethe process In the nextWEEK WITH LTC careful support .
Good forecasts for 2025
Many platforms recently discussed their views The price development of Litecoin 2025. The predictions were different, but it was also clear that the situation would be the best of the worst.
Laut Coincodex Could LTC between $ 41.80 and $ 112.63, where The average price is $ 60.37. In view of The model proposes a potential ROI of 32.10 % at the current price level.
Changelly takes in his Description a somewhat more positive position and gives $ 100.78 to $ 106.37 for trade an, What you As an average price of $ 111.96 view. With it the prospect of winning was 22.8 % higher.
DigitalCoinPrice hat a whole Other vision. The platform is am Most optimistic and believes that the maximum stand in early 2025 will be $ 140.17, with the Potential to rise to $ 189.49 in the course of the year. Your market assessment does not even rule out a renewed test of the maximum at $ 412.96.
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