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Litecoin Breakout Rally Begins — Can LTC Hit $130 Next?
Following the speculation surrounding a potential Litecoin ETF, earlier predictions hinted at the possibility of Litecoin reaching $128. Currently, Litecoin (LTC) is witnessing an impressive resurgence, with its price rising to $77.47 as of April 15, 2025, according to CoinMarketCap data.
This upward momentum has reignited discussions among investors and analysts regarding the potential for LTC to achieve higher price targets in the near future. Observing Litecoin’s recent action, experts have noted that it has broken above key resistance levels, specifically $75, which previously served as a significant barrier.
Furthermore, some on-chain data reveals that Litecoin miners have accumulated approximately $18 million worth of LTC over a recent period. This accumulation decreases the available supply on exchanges, potentially leading to increased demand and higher prices.
Moreover, the overall market sentiment towards cryptocurrencies has been positive, with Bitcoin’s performance recently boosting confidence in altcoins like Litecoin.
Potential Price Targets and Resistance Levels
In terms of potential price targets for Litecoin, immediate resistance levels are situated around $130 and $140. Additionally, some projections suggest that LTC could potentially rally to a level around $150 if its current trajectory maintains momentum.
These predictions are founded on historical price patterns and technical analysis, indicating that Litecoin may experience significant gains should it continue to follow this trajectory.
Litecoin’s recent price action, backed by both technical indicators and miner accumulation, suggests a bullish outlook for the cryptocurrency. Although there is some slight decrease of 0.79%, LTC still holds potential to reach $130.
Source: https://www.crypto-news-flash.com/litecoin-breakout-rally-begins-can-ltc-hit-130-next/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-breakout-rally-begins-can-ltc-hit-130-next
