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Litecoin (LTC) price has held firm at the $110 level, a crucial support zone since 2021, amidst growing interest in older, more stable altcoins within treasuries. The cryptocurrency is currently trading at $107.82, down 1.13% over the past 24 hours and 10.13% this week, according to data from CoinGecko.
The Litecoin price analysis suggests that a breakout above $150 could potentially target the pre-2021 peak of $296. This significant milestone would mark a substantial shift in the cryptocurrency’s trajectory.
For years, Litecoin has been stuck within a narrow range between $50 and $115. According to Daan Crypto Trades, this prolonged period of consolidation has built a deep foundation for future growth. The current price of $107, brushing against heavy resistance at the top, may be on the cusp of a significant shift.
The key level to watch is now $150. If Litecoin can clear this hurdle, it could awaken long-term investors and institutional players who have been waiting for the right moment to re-enter the market.
Source: blockonomi.com
