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Litecoin (LTC) Hype Could Push The Token Past $100, Say Analysts
Litecoin’s recent surge has sparked a renewed wave of enthusiasm among analysts and investors alike, with many predicting that the token could potentially breach the $100 mark in the near future.
Despite months of underperformance, Litecoin has begun to attract fresh investor attention as the broader market begins positioning around potential regulatory tailwinds. The token rose above $92 on July 3, marking a significant reversal of its June decline and extending a two-week recovery.
Analysts are now eyeing a breakout setup as LTC reclaims key structure, with some even suggesting that the price could rally to $100 or more. According to Corvinus, the token’s short-term trend has turned structurally bullish, with upside momentum likely to persist if current volume holds.
Furthermore, technical validation is also evident in visible chart patterns. The LTC USD pair has been moving inside a channel since May, but has now broken out of this structure, with multiple rejections near a declining trendline being overcome. This development has provided the token with the necessary momentum to potentially push past $100.
Another analyst, Minimilian, reinforced this outlook by highlighting a breakout from a diagonal resistance zone visible on the 4-hour timeframe. He argued that Litecoin could quickly retest the $100 level and even potentially move toward all-time highs if broader market conditions align.
Lastly, Santolita pointed to a triple-bottom reversal setup, terming the formation “loud” and the breakout “inevitable.” His chart showed price coiling just below horizontal resistance near $88, with a projected path targeting $100+ immediately.
What’s driving this sudden surge in Litecoin? It appears that speculation surrounding a potential spot Litecoin ETF could be one of the primary drivers. With expectations building for possible U.S. regulatory approval before year-end, open interest in Litecoin futures has steadily climbed to nearly $600 million by July 3, a significant increase from early June.
It’s clear that traders are positioning ahead of what they perceive as a high-probability ETF catalyst, driven by the convergence of legal infrastructure and deadline-based expectations.
With such an overwhelmingly bullish consensus among analysts, it seems plausible that Litecoin could indeed breach $100, especially given the token’s recent price action.
Source: coinchapter.com
