bullish

Rally

Litecoin

April

<p>As Litecoin reaches the price levels last seen in April 2022, the bullish trend in the LTC price is gaining momentum. With a parabolic rally on the words, Litecoin is reaching a crucial resistance breakout, priced at $128.&nbsp;</p>  
<p>With a bullish start to this week, will the Litecoin price surpass the $200 mark in this recovery run? Let's find out.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2>  
<p>The LTC price trend is currently at $121.77, with an intraday gain of 1.83%. This marks a bullish opening to the fifth consecutive positive week. In the weekly chart, the rounding bottom reversal in the LTC price trend has surpassed the critical resistance level of $111.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/02164743/MKUrlsZK-1024x480.webp" alt="Litecoin Price Analysis" class="wp-image-387985">
</figure>  
<p><a href="https://www.tradingview.com/x/MKUrlsZK/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The supply range extended from $110 to $112, and last week's closing at $119.61 has given a massive bullish engulfing candle. With the ongoing recovery, the LTC price is now challenging the 23.60% Fibonacci level at $128.16.&nbsp;</p>  
<p>However, the higher price rejection leading to a long-week candle has dropped the market price. With the 24-hour high at $129.85, the LTC price has now reached the level last seen in April 2022.&nbsp;</p>  
<p>Furthermore, the sideways trend in the LTC price trend over the past two years is now coming to a bullish conclusion. With the broader market anticipating a breakout of the 23.60% Fibonacci level, the upside price target is expected to be at $218.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-litecoin-reach-200">Will Litecoin Reach $200?</h2>  
<p>Supporting the bullish trend, the MACD and signal line are continuing a positive rally with the surge of gradually intensifying bullish engulfing candles. Furthermore, the 50-week and 200-week EMA lines are incredibly close to giving a golden crossover. This will improve the underlying sentiments and increase the chances of a bullish rally.&nbsp;</p>  
<p>The higher price rejection warns of a potential retest of the $112 breakout zone, but the broader market recovery will prolong the bullish rally. Before the $218 price target, the LTC price could find minor supply surges at $160 and $187.&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-1733138195027"><strong class="schema-faq-question">What is the current price target for LTC?</strong>
  <p class="schema-faq-answer">LTC aims for $218, with minor resistance at $160 and $187.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1733138200190"><strong class="schema-faq-question">What is the crucial support level for LTC?</strong>
  <p class="schema-faq-answer">The key support lies at the $112 breakout zone.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1733138200826"><strong class="schema-faq-question">What signals support the ongoing bullish rally?</strong>
  <p class="schema-faq-answer">A MACD positive crossover and an upcoming golden EMA crossover confirm strong bullish momentum.</p>
 </div>
</div>

LTC Price Analysis: Bullish Rally Eyes $218 Post $128 Breakout

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