Dogecoin

bullish

Litecoin

Momentum

<p>As Bitcoin momentarily reached a new all-time high above the $93,000 mark, the Litecoin rally is beginning to shape up. Crossing over the $80 mark, a Morningstar patent teases a bull run ahead for Litecoin.&nbsp;</p>  
<p>Furthermore, its attempt to siphon momentum from the meme coin rally and the potential support from the Dogecoin team could result in a price surge above the $100 psychological mark. So, let's take a closer look at the Litecoin price analysis to find key technical levels and future price targets.</p>  
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2>  
<p>With an intraday gain of 7.37%, Litecoin is preparing a morning star pattern to start a new bullish reversal. Currently, it is trading at $81.10 as it forms a bullish engulfing candle.</p>  
<p>The 24-hour high of $85 challenges the 61.80% Fibonacci level. Currently, it is ascending above the 50% Fibonacci level at $78.17, increasing the upside chances.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/14141719/image-231-1024x509.png" alt="Litecoin price chart" class="wp-image-379725">
</figure>  
<p><a href="https://www.tradingview.com/x/tJTz8bG2/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>With a morning star pattern, Litecoin retests the 38.20% Fibonacci level at $72.25 and the 200-day SMA line. The increasing buying pressure has led to a quick recovery in the LTC price, accounting for 25% over the last week.</p>  
<p>Amid the growing bullish influence, the 50-day and 200-day SMA lines are preparing for a golden crossover. Meanwhile, the MACD and Signal line sustain a bullish trend as the positive histograms resurface.</p>  
<p>The LTC price action showcases Litecoin struggling to give a bullish breakout over the rising channel pattern. However, if the bullish engulfing candle manages to give a closing at the current market price, a bullish breakout is imminent.</p>  
<h2 class="wp-block-heading" id="h-litecoin-s-attempt-to-siphon-meme-coin-rally-momentum">Litecoin’s Attempt To Siphon Meme Coin Rally Momentum</h2>  
<p>As the meme coins drive the crypto market rally, Litecoin recently shared a humorous tweet. Due to current market conditions, I now identify as a meme coin. Retweeting this, the Dogecoin team has asked the community to help make a few LTC memes to kick off the LTC price rally.&nbsp;</p>  
<p>As the meme coin rally continues to gain momentum, LTC price is attempting to siphon off some additional momentum for recovery.</p>  
<h2 class="wp-block-heading" id="h-will-litecoin-price-cross-100">Will Litecoin Price Cross $100?</h2>  
<p>Based on the Fibonacci levels, a breakout above the 61.80% Fibonacci level will likely result in a reclamation of the $100 psychological mark. Furthermore, this could lead to a new 52-week high above the $112.98.&nbsp;</p>  
<p>For an extended rally, the Fibonacci levels paint the price target at $164.86 or the $1.618 level. Hence, with an upside of 100%, LTC price trend shows massive upside potential. On the flip side, the crucial support for Litecoin is present at $78 and $72.&nbsp;</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="noopener noreferrer nofollow">Litecoin (LTC) price prediction</a> to find price targets above $100.</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731573923088"><strong class="schema-faq-question">What are the key resistance levels for Litecoin's current bull run?</strong>
  <p class="schema-faq-answer">The key resistance levels for Litecoin are at the $85 mark, followed by the $100 psychological level, and a potential 52-week high of $112.98.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731573929055"><strong class="schema-faq-question"><br>What technical indicators are signaling a bullish trend for Litecoin?</strong>
  <p class="schema-faq-answer">The Morning Star pattern, bullish engulfing candles, and the upcoming golden crossover between the 50-day and 200-day SMA are all indicating a bullish trend.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731573932572"><strong class="schema-faq-question"><br>What are the support levels if Litecoin faces a correction?</strong>
  <p class="schema-faq-answer">The crucial support levels for Litecoin are present at $78 and $72, aligning with Fibonacci retracement levels.</p>
 </div>
</div>

Litecoin Price Analysis: Key Levels to Watch for $100 Target

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