Litecoin

<p>A recent analysis of <a href="https://captainaltcoin.com/litecoin-price-breaks-key-resistance-analyst-highlights-ltc-pattern-pointing-to-400-price-target/" target="_blank" rel="noopener noreferrer nofollow">LTC’s price</a> indicates a strong upward momentum, suggesting a potential retest of its previous all-time high. Moreover, Top analyst Cephii shared on X that Litecoin’s run to surpass its prior high is underway. The price movements, chart patterns, and key levels on the LTC/USDT trading pair further support this bullish outlook.</p>
<h1 class="wp-block-heading" id="litecoin-s-price-trends-and-historical-performance">Litecoin’s Price Trends and Historical Performance</h1>
<p>The LTC chart reveals an ongoing upward trend, marked by a recent surge in bullish activity. The strong green weekly candle indicates heightened buying pressure, hinting at a continuation of the rally. Historically, <a href="https://captainaltcoin.com/litecoin-price-pumps-analyst-says-its-time-to-pay-attention-to-ltc/" target="_blank" rel="noopener noreferrer nofollow">Litecoin’s price</a> experienced a prolonged downtrend between 2018 and 2020, followed by a compelling rally in 2021, where prices peaked at $413.49.</p>
<p>Subsequent corrections brought the price down, testing support levels in 2022 and early 2023. Analysts note that this latest upward trajectory signals a potential reversal, moving toward Litecoin’s previous highs.</p>
<p>The chart incorporates Fibonacci retracement and extension levels to identify crucial price zones. Key retracement levels include $98.08, $126.91, and $169.92, with $251.28 representing the 1.0 Fib level, often considered a critical resistance zone. If the price successfully breaks above $180, analysts expect a move toward $250 and potentially higher extension levels such as $413.49, $778.93, or $1,084.14.</p>
<p>These levels are widely regarded as potential targets if bullish momentum persists. The $98 support level, which has been retested several times, underscores its importance as a safety zone for buyers.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-1024x464.png" alt="" class="wp-image-593663" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-766x347.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-2048x928.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-773x350.png 773w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239-788x356.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-239.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Cephii1/status/1864654583198331331" target="_blank" rel="noopener noreferrer nofollow">X/Cephii</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="support-and-resistance-analysis">Support and Resistance Analysis</h2>
<p>Support and resistance levels play a key role in Litecoin’s price action. The $40-$50 range acted as strong support during previous corrections, while the $98 zone continues to hold firm in the current rally. Resistance at $169-$180 represents a significant hurdle. If breached, this range could open the door to higher price levels.</p>
<p>Volume analysis further supports the bullish case. A notable increase in trading volume reflects growing interest from market participants, reinforcing the current rally’s strength.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/avalanche-avax-poised-for-higher-highs-if-price-reclaims-this-key-level/" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX) Poised for Higher Highs If Price Reclaims This Key Level</a></em></strong></p>
<h2 class="wp-block-heading" id="alignment-with-cephii-s-tweet">Alignment With Cephii’s Tweet</h2>
<p>The optimism expressed by Cephii aligns with these technical observations. The tweet, stating that Litecoin’s “run to break prior high has begun,” resonates with the bullish momentum seen in the chart analysis. From the way <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener noreferrer nofollow">Litecoin’s price</a> is moving, it looks set to climb back up to its old highs, maybe even higher.</p>
<p>What happens next depends on if Litecoin can keep this momentum going and break through key resistance levels. If it does, we could see new record prices.</p>
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<p>The post <a href="https://captainaltcoin.com/market-analyst-says-litecoin-ltc-price-run-to-break-prior-high-has-begun-heres-the-outlook/" rel="noopener noreferrer nofollow">Market Analyst Says Litecoin (LTC) Price Run to Break Prior High Has Begun—Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Market Analyst Says Litecoin (LTC) Price Run to Break Prior High Has Begun—Here’s the Outlook

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