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Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance?


Gary Ponce
для BlockNews
Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance?
  • Litecoin broke out of an 8-year downtrend, trading near $120 with eyes on $135.
  • ETF speculation and growing adoption are fueling bullish sentiment.
  • Risks remain from volatility and regulation, but fundamentals look supportive.

Litecoin has finally snapped an 8-year downtrend, a milestone that’s got traders buzzing. The breakout came above the $117 mark, a level that had capped price action for weeks. As of early October, LTC hovers near $120, up 13% on the week, with analysts eyeing the $135 zone as the next big test. For many, this move brings back memories of 2017—when Litecoin ran from just $4 to $400. One analyst even said the chart evokes “pure nostalgia,” hinting that similar technical signals could drive new confidence.

Key Technical Levels: Can LTC Push Past $135 Resistance?

On the charts, the structure looks clean. Litecoin pushed above horizontal support near $110 and is now consolidating around $120, confirming what many read as an ascending triangle breakout. The immediate hurdle sits between $130 and $135, and if buyers can push through, higher targets may come into play. Some forecasts are bold—drawing parallels to historic rallies—but caution lingers. Crypto breakouts are rarely smooth, and LTC has seen its share of fake-outs before. Still, technicals are leaning bullish in the near term.

Litecoin ETF Speculation Fuels Institutional Interest

Another piece of the puzzle is regulation. A spot Litecoin ETF has yet to be approved, but filings are in the pipeline. If the green light comes, it could give LTC a liquidity boost and broader reach in traditional markets. Analysts argue that Litecoin’s reputation as one of the oldest and most “commodity-like” digital assets gives it a strong case for approval. Even with the SEC dragging its feet, traders see this ETF narrative as fuel that supports the current momentum.

Fundamentals and Halving Cycle Support Bullish Outlook

It’s not just charts and ETFs. Litecoin adoption has been ticking up steadily—network usage, wallet activity, and transaction counts all rising before price caught up. That suggests the asset may still be undervalued compared to its underlying growth. Looking further ahead, the halving cycle looms. Scheduled for 2027, it will cut mining rewards in half once again, a supply shock that historically aligns with bullish phases. For long-term holders, it’s another reason to stay patient.

Risks Remain Despite Litecoin’s Breakout Rally

Of course, nothing is guaranteed. Breakouts can fail, volatility bites back fast, and regulation remains unpredictable. Macro factors—like interest rates, institutional appetite, or wider risk sentiment—will also play a role in Litecoin’s next moves. At present though, with price holding around $120 and momentum shifting, LTC looks stronger than it has in years. The breakout doesn’t just mark a short-term rally; it may signal a bigger shift in how Litecoin is positioned in the evolving crypto landscape.

The post Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance? first appeared on BlockNews.

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Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance?


Gary Ponce
для BlockNews
Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance?
  • Litecoin broke out of an 8-year downtrend, trading near $120 with eyes on $135.
  • ETF speculation and growing adoption are fueling bullish sentiment.
  • Risks remain from volatility and regulation, but fundamentals look supportive.

Litecoin has finally snapped an 8-year downtrend, a milestone that’s got traders buzzing. The breakout came above the $117 mark, a level that had capped price action for weeks. As of early October, LTC hovers near $120, up 13% on the week, with analysts eyeing the $135 zone as the next big test. For many, this move brings back memories of 2017—when Litecoin ran from just $4 to $400. One analyst even said the chart evokes “pure nostalgia,” hinting that similar technical signals could drive new confidence.

Key Technical Levels: Can LTC Push Past $135 Resistance?

On the charts, the structure looks clean. Litecoin pushed above horizontal support near $110 and is now consolidating around $120, confirming what many read as an ascending triangle breakout. The immediate hurdle sits between $130 and $135, and if buyers can push through, higher targets may come into play. Some forecasts are bold—drawing parallels to historic rallies—but caution lingers. Crypto breakouts are rarely smooth, and LTC has seen its share of fake-outs before. Still, technicals are leaning bullish in the near term.

Litecoin ETF Speculation Fuels Institutional Interest

Another piece of the puzzle is regulation. A spot Litecoin ETF has yet to be approved, but filings are in the pipeline. If the green light comes, it could give LTC a liquidity boost and broader reach in traditional markets. Analysts argue that Litecoin’s reputation as one of the oldest and most “commodity-like” digital assets gives it a strong case for approval. Even with the SEC dragging its feet, traders see this ETF narrative as fuel that supports the current momentum.

Fundamentals and Halving Cycle Support Bullish Outlook

It’s not just charts and ETFs. Litecoin adoption has been ticking up steadily—network usage, wallet activity, and transaction counts all rising before price caught up. That suggests the asset may still be undervalued compared to its underlying growth. Looking further ahead, the halving cycle looms. Scheduled for 2027, it will cut mining rewards in half once again, a supply shock that historically aligns with bullish phases. For long-term holders, it’s another reason to stay patient.

Risks Remain Despite Litecoin’s Breakout Rally

Of course, nothing is guaranteed. Breakouts can fail, volatility bites back fast, and regulation remains unpredictable. Macro factors—like interest rates, institutional appetite, or wider risk sentiment—will also play a role in Litecoin’s next moves. At present though, with price holding around $120 and momentum shifting, LTC looks stronger than it has in years. The breakout doesn’t just mark a short-term rally; it may signal a bigger shift in how Litecoin is positioned in the evolving crypto landscape.

The post Litecoin Price Analysis: Can LTC Rally Beyond $135 Resistance? first appeared on BlockNews.

Читать материал на BlockNews

Читать больше

XRP Price Analysis: Resistance, Support, and ETF Inflow Predictions

XRP Price Analysis: Resistance, Support, and ETF Inflow Predictions

XRP has pushed above $3.30, climbing over 9% in the past 24 hours. The rally comes at...
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