Based

bullish

Rally

Litecoin

Bitcoin

<p>With the Bitcoin price crossing above the $68,000 mark, the close cousins of Bitcoin are making a bullish comeback. The Litecoin price has surpassed a critical $73 mark in the recent crypto rally.&nbsp; With the bullish trend gaining momentum, let's see the chances of the LTC price hitting the $100 psychological mark.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2>   
<p>In the daily chart, the Litecoin price action reveals a falling-channel breakout rally gaining momentum. The channel breakout rally creates a V-shaped reversal, leading to a rising-channel pattern.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://www.tradingview.com/x/0pzmsuRS" alt="Litecoin price chart">
</figure>   
<p><a href="https://www.tradingview.com/x/0pzmsuRS" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>With a bullish cycle within the rising-channel pattern, Litecoin has increased by 13.43% over the last five days. The LTC price currently trades at $72.27, challenging the overhead resistance trendline.&nbsp;</p>   
<p>However, the intraday candle shows a higher price rejection from the 38.20% Fibonacci level at the psychological mark of $76.29. The chances of a minor pullback are possible with an intraday pullback and a higher price rejection.&nbsp;</p>   
<h3 class="wp-block-heading" id="strong-technical-indicators-strong"><strong>Technical Indicators:</strong></h3>   
<p><strong>EMA</strong>: The 200-day EMA acts as dynamic support to provide a bounce pad for the pullback phase in Litecoin. Currently, it stands at $70.66. Meanwhile, the growing bullish influence results in an uptick in the 50-day EMA, increasing the possibility of a golden crossover.&nbsp;</p>   
<p><strong>MACD:</strong> The MACD and signal lines maintain a positive alignment with a surge in bullish histograms reflecting a boom in trend momentum.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-litecoin-hit-100">Will Litecoin Hit $100?</h2>   
<p>With the growing bullish trend in a rising-channel pattern, Litecoin challenges the resistance trendline and the 38.20% Fibonacci level. Thus, a potential breakout will lead to a massive surge.&nbsp;</p>   
<p>Based on the short-term price action, the 78.60% Fibonacci level at the $97.77 mark is a potential target if it crosses the $82 mark. On the flip side, the crucial supports are at $68.53 and $60.</p>   
<p>As Bitcoin targets $100k, are you curious how high Litecoin will go in 2024? Check out Coinpedia’s <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noreferrer noopener">Litecoin (LTC) price prediction</a> to find price targets above $100.</p>

Litecoin Surges 13%, Targets $100 as Rising Channel Rally Grows

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