bullish

Litecoin

Bitcoin

As Bitcoin momentarily approaches the $100k milestone, the Litecoin rally is heading to challenge the $100 mark. Crossing over the $90 mark, a post-retest reversal plans for a bull run ahead in the LTC price trend.&nbsp;   
Are you curious about the upcoming Litecoin price targets or if you should buy LTC before the $100 breakout? Let's look closer at the Litecoin price analysis to find key insights and levels to watch out for.   
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2>   
In the daily chart, the LTC price trend shows a post-retest reversal gaining momentum. The broader price action of Litecoin shows a bullish breakout of a rising channel pattern, retesting the broken resistance trendline.&nbsp;   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22155038/image-11-1024x509.webp" alt="Litecoin Price Analysis" class="wp-image-383632">
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<a href="https://www.tradingview.com/x/GsWfAs8Z/" target="_blank" rel="noreferrer noopener">Tradingview</a>   
Along with the resistance trendline, the downfall also retested the 50% Fibonacci level at $82.57. However, the overnight surge of 7.40%, resulting in a bullish engulfing candle, highlights a quick reversal.&nbsp;   
Currently, Litecoin is trading at $90.70 with an intraday gain of 1.18%. This prolongs the overnight rally and breaks above the 61.80% Fibonacci level at $88.84.&nbsp;   
As the post-retest rally gains momentum, the bullish anticipation for a price jump above the $100 psychological mark increases.&nbsp;   
The growing bullish demand has led to a golden crossover and is now resulting in a bullish crossover within the 100-day and 200-day AMA line. Supporting the bullish trend, the MACD and signal indicators avoid a bearish crossover and refuel the bullish momentum. Hence, technical indicators maintain a positive sign for Litecoin.   
<h2 class="wp-block-heading" id="h-will-litecoin-price-cross-100">Will Litecoin Price Cross $100?</h2>   
Using the Fibonacci retestment tool over the Q2-Q3 pullback phase, the LTC price is heading to challenge the 78.60% Fibonacci level at $97.77. The breakout of this level will be critical for the bull run to continue.&nbsp;   
The price targets for the breakout rally are $109 and $123. Thus, the ongoing recovery rally shows massive potential for a new 52-week high. The ongoing recovery also teases a rounding momentum reversal with a neckline at the $109 mark. Hence, this level breakout will set Litecoin to explode in 2025. Currently, the crucial support levels for Litecoin are at $82 and $76.   
As Bitcoin targets $100k, are you curious how high Litecoin will go in 2024? Check out Coinpedia’s <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noreferrer noopener">Litecoin (LTC) price prediction</a> to find price targets above $100.   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<ol class="wp-block-list">
  
 <li>What is Litecoin's current price and recent performance? Litecoin is trading at $90.70, up 7.40% overnight, signaling a post-retest reversal after breaking out of a rising channel pattern.</li>   
 <li>What are Litecoin’s next price targets? Immediate targets are the 78.60% Fibonacci level at $97.77, followed by $109 and $123, with the potential for a 52-week high and an explosive rally in 2025.</li>   
 <li>What supports Litecoin’s bullish trend? A golden EMA crossover, bullish MACD alignment, and sustained momentum above the 61.80% Fibonacci level are driving Litecoin’s uptrend.</li> 
</ol>

Litecoin (LTC) Price Jumps 7.40%, Targets $100 Break to Hit $123

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