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<p>Cryptocurrency analyst CaptainCrypto believes Litecoin (LTC) has the potential to rise above $420 per coin in the current market cycle. He points out that despite criticisms, Litecoin has consistently made higher highs and higher lows with each cycle.</p>
<p>While price drops can be sharp, Litecoin rebounds to reach new peaks – the last cycle peaked at $420. The tweet suggested we could see a spike beyond that level this cycle.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/dogecoin-doge-price-on-the-verge-of-a-rally-just-one-resistance-left/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price on the Verge of a Rally: Just One Resistance Left</a></em></strong></p>
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   <p lang="en" dir="ltr">People like to rag on <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Litecoin</a> but here’s the reality:<br><br>Each cycle it’s made higher highs and higher lows. Is it volatile? Absolutely. Sometimes the shit drops like a rock price wise.<br><br>But you know what? It always comes back to make higher highs.<br><br>Last time was $420 per <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LTC</a>.…</p>— CaptainCrypto (@CaptainCrypto33) <a href="https://twitter.com/CaptainCrypto33/status/1850698532514091037?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<h2 class="wp-block-heading" id="ltc-price-bullish-in-the-short-term">LTC Price Bullish in the Short-Term</h2>
<p>Analytics firm AltFINS also sees a positive<a href="https://www.coingecko.com/en/coins/litecoin" target="_blank" rel="noopener noreferrer nofollow"> outlook for Litecoin</a> in its recent price trend analysis. Litecoin broke out of a downwards channel pattern, indicating a potential trend reversal.</p>
<p>The price hit a target of $77, marking an 18% gain, but faced rejection at this resistance level aligned with the 200-day moving average.</p>
<p>The AltFINS analyst outlines two trade options. A break above $77 could extend the uptrend toward $90, offering 20% upside. Alternatively, a pullback to support at $60 provides a swing trade opportunity back to $77, with 25% potential upside.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/former-ripple-ctos-work-could-transform-xrp-ledger/" target="_blank" rel="noopener noreferrer nofollow">Former Ripple CTO’s Work Could Transform XRP Ledger</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="565" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-1024x565.png" alt="" class="wp-image-573286" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-1024x565.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-300x166.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-766x423.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-1536x848.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-2048x1130.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-272x150.png 272w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-634x350.png 634w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046-788x434.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1046.png 935w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>Litecoin’s short and medium-term trends remain up, while the long-term trend is neutral. Momentum is bearish currently but signs suggest an impending upswing as <a href="https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/macd-histogram#:~:text=What%20Is%20the%20MACD%20Histogram,and%20below%20the%20zero%20line." target="_blank" rel="noopener noreferrer nofollow">MACD histogram bars </a>rise and RSI sits in neutral territory. Key support levels are $60-50, while resistance lies at $77-$90.</p>
<p>Both CaptainCrypto and AltFINS analysts express optimism that favorable market conditions could propel Litecoin past its all-time high of $420 if trends continue upward from current price levels.</p>
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<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/analyst-explains-why-litecoin-could-rally-past-420-this-cycle-ltc-price-analysis/" rel="noopener noreferrer nofollow">Analyst Explains Why Litecoin Could Rally Past $420 This Cycle: LTC Price Analysis</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Explains Why Litecoin Could Rally Past $420 This Cycle: LTC Price Analysis

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