Price Analysis

Why Litecoin Price Sees 17% Surge Before Hitting A Major Resistance

Under the influence of the symmetrical triangle pattern, the Litecoin price is likely to surge 17% before hitting a key resistance.
Published by
Why Litecoin Price Sees 17% Surge Before Hitting A Major Resistance 

Highlights

  • The symmetrical triangle pattern leads a long-term sideways for Litecoin holders.
  • The 100-day EMA slope offers dynamic support to the current recovery rally in LTC.
  • The 24-hour trading volume in the Litecoin coin is $1.29 Million, marking a 49% loss.

Litecoin Price: The crypto market returned on a recovery trend as Bitcoin price reclaimed the $70000 psychological level. The renewed recovery uplifted most of the major cryptocurrencies and influenced Litecoin. The recent rebound of LTC price from the confluence of technical support at $77 sparks a fresh recovery opportunity for crypto buyers.

Also Read: Crypto Market Adjustments Lead Litecoin (LTC) Investors to Explore Kelexo (KLXO) Presale Opportunities

Advertisement

Litecoin Witnesses Over a Million New Investors in Address Count Boom

Litecoin Price

The short-term rally in Litecoin price is bullish evidenced by the ascending support trendline in the daily chart. The coin price rebounded thrice from this support reflecting a key accumulation level for investors during the market dip.

On March 20th, the LTC price rebounded from the confluence of ascending trendline and 100-day EMA at $77, uplifting the coin value by 15% within a week. If the broader market trend remains bullish, this altcoin is likely to surge another 17% before hitting the resistance trendline of a symmetrical triangle pattern.

According to a tweet from Jay M, the Marketing Director at the Litecoin Foundation, there has been a remarkable increase in the number of Litecoin network addresses that hold a balance. The data, sourced from the analytics tool IntoTheBlock, indicates that there are now 8 million addresses with a balance, showcasing a surge of over a million new holders within the last year. 

This uptick in active addresses is a strong indicator of Litecoin’s growing user base and suggests a heightened level of confidence among investors.

Advertisement

Symmetrical Triangle Break Could Propel Litecoin to $195

Litecoin Price| Tradingview

Over the past 2 years, the Litecoin price has been traveling a long sideway trend resonating between two converging trendlines of the symmetrical triangle pattern. Amid the current recovery trendline, coin buyers are likely to challenge the pattern’s overhead trendline, for a new start of recovery trend. 

This breakout would signal a major change in the Litecoin price trend, setting a potential target of the $195 mark.

Advertisement

Technical indicator

  • Exponential Moving Average: A bullish crossover between the 100-and-200-day EMA bolsters the bullish momentum in LTC price.
  • Relative Strength Index: The daily RSI slope wavering around 50% slope reflects neutral sentiment among traders.
Advertisement

Related Articles

Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

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

  • Price Analysis

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim…

October 25, 2025
  • Price Analysis

Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours.…

October 25, 2025
  • Price Analysis

PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?

Pepe coin price has remained under pressure despite renewed signals of investor repositioning in the…

October 25, 2025
  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025