Litecoin Price Analysis: Litecoin Rides Ascending Channel As Bulls Try Major Resistance

Published by
Litecoin Price Analysis: Litecoin Rides Ascending Channel As Bulls Try Major Resistance
  • LTC has risen nearly 40% off lows set last week
  • 200MA has finally held as support
  • RSI sits coiled in bull flag
  • Litecoin has been fairly slow the past few months as the overall cryptocurrency market has lost steam. Litecoin was one of the first cryptocurrencies and it has since stayed in the top 20. LTC has still yet to break over its previous all time high like BTC & ETH did. This has many investors speculating if the bull run for LTC is over or not.

    Litecoin [LTC] Price Chart

    Source: TradingView

    LTC has been stuck under $147 since mid June. This resistance zone has been a struggle for bulls to overtake. At the time of writing, LTC is attempting a breakout of the first mark of this resistance zone found at $142-$147. Once LTC manages to break & hold this zone, it will be free for a large push to its target zone.

    For the first time in over 60 days, LTC was able to hold the 200MA as support. This is very important as it marks a significant step towards reversing back to a bullish trend . Along with this, LTC has been trading within an ascending channel since the 20th of July. A break past any of the two trends will likely send price in that direction. In the case of a downfall, LTC will find support at $136.

    While looking at the RSI , you can see a bullish flag has been drawn. This is a sign that buyers are still strongly in this market and are pushing for a move to the upside. Any break over the 70 value will surely send LTC soaring. The MACD has been overly flat the last 4 days which indicates a strong move is impending. A bearish cross will possibly send LTC back to its support line.

    LTC Intraday Analysis

    • Spot rate: $141.91
    • Trend: Bullish
    • Volatility: Medium
    • Support: $136.31
    • Resistance: $142.30
    Advertisement
Share
Domenic

Domenic Fiore has a love for the financial markets. He decided to skip the college route to pursue entrepreneurship.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push

Michael Selig is the latest candidate who has been chosen by President Donald Trump to…

October 25, 2025
  • News

First Spot XRP ETF Hits Milestone as CME Flags Institutional Interest

Institutional momentum in XRP is accelerating as the first U.S. spot XRP ETF ($XRPR) reached…

October 25, 2025
  • Price Analysis

Can Hype Price Hit $50 After Robinhood Listing?

HYPE, the native token of the decentralized exchange Hyperliquid, has witnessed a notable price surge…

October 24, 2025
  • News

XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal

In the latest XRP news, Ripple has introduced 'Ripple Prime,' which it plans to integrate…

October 24, 2025
  • News

Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data

Traders are betting on the FOMC to make two more rate cuts this year following…

October 24, 2025
  • News

Crypto.com Joins Ripple in Banking License Bid Amid Industry Push for Market Structure Bill

Crypto.com has submitted an application with the U.S. National Trust Bank Charter. It aims to…

October 24, 2025