Price Analysis View Non-AMP

Litecoin Simple Price Analysis: LTC Price Preparing for a Fresh Upswing to Reclaim $100

Published by
Sahana Vibhute

The market appeared to be in the middle of a pre-halving rally as the Bitcoin (BTC) price soared high and achieved a new ATH close to $74,000. This triggered a healthy upswing within the entire crypto space, which propelled the LTC price beyond $100, surpassing one of the key resistance levels. Unfortunately, the sentiments flipped as the bulls displayed weakness and their inability to hold within the 3-digit figure caused a notable pullback to $80. 

The current trade set-up remains under the bearish influence, and the bulls are trying very hard to validate a minor-hidden bullish divergence. After facing rejection from the pivotal resistance, the price was feared to enter back within the consolidation zone. However, the bulls prevent extended bloodshed and have triggered a healthy rebound while the volume remains below average. 

While the market participants are pretty bearish ahead of halving, the LTC price is displaying huge potential of regaining key resistance at $100. 

The weekly chart of the Litecoin price rally remains extremely bullish, regardless of the current market conditions. One of the major indicators, the Ichimoku Cloud, has just turned bullish, which suggests a momentary shift in the trend along with the sentiments. Besides, the RSI continues to hover along the ascending trend line, suggesting the bulls hold enough dominance and as a result, recovering beyond $100 may not be a tedious job. 

Did You Know : Bitcoin Price to Drop More Before Hitting New High Post Halving 

Therefore, now that the bearish influence has waned and the price seems to have been accomplished with a correction after rejection, a fresh upswing appears to be imminent. The Litecoin bulls now appear to be poised to surpass the crucial resistance at $101, and if they display strength a rise to $115 may pave the way for the price to reach the key resistance at $145. However, the market dynamics play an important role and are subject to change with a minor change in sentiments.

Read More : What Will Happen if the Bitcoin Price Drops Below $58k?

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

John Deaton Reveals Major XRP Holdings Amid Bitcoin Debate

The crypto community is buzzing as pro-Ripple attorney John Deaton discloses that he holds a…

June 9, 2025

Solana Poised for a Breakout: Bullish Cup-And-Handle Nears $159 Target

Solana is one of the top-performing altcoins in recent times, which is feared to have…

June 9, 2025

Best Crypto to Buy Now as Bitcoin Eyes $115k in July Rally

Bitcoin has rebounded strongly from its $100,000 support zone, holding steady above its 50-day moving…

June 9, 2025

Europe’s First Bitcoin Treasury Firm Plans $340M BTC Buy

Paris-based Blockchain Group is stepping up its Bitcoin game in a big way. The company…

June 9, 2025

Cardano Deviates Before Testing Resistance-Where is ADA Price Heading Next?

The Cardano (ADA) price is navigating a consolidation phase as it trades around $0.662 after…

June 9, 2025

Trump and Musk Set Off Market Alarm , But Could Wall Street Ponke Be the Real Power Move?

As Markets React to High-Profile Feud, One Meme Coin Quietly Rises Check the latest token…

June 9, 2025