Litecoin (LTC) is a crypto designed for near-zero cost payments globally. Recently, the coin is putting up a show as the coin surges while other cryptocurrencies dip. The price of Litecoin has remained stagnant for an extended timeframe.
Following the recent surge, Litecoin could be set for a bullish breakout. On the day, LTC has surged by over 3% capturing the attention of the crypto market. Several analysts have offered their predictions of where Litecoin will go next moving forward. However, will Litecoin be able to achieve highs achieved in 2021?
LTC’s Chart Claimed To Be “One of The Best Charts in Crypto”
After the rather great performance put up today, one key analyst has noted how Litecoin has absorbed the bumpy ride other cryptocurrencies have gone through over the past weeks. In a post on X earlier today (Feb.18,2025), Altcoin Sherpa, a crypto analyst with 242.9K followers on X, stated that “$LTC still seems like 1 of the best charts in crypto.”
Being named so simply means that Litecoin has had a crypto version of a smooth ride with no crazy bumps. Looking at the chart above, LTC has traded between $86.49 and $139.85 since Dec 2024.
According to a post on Feb.18, 2025 by IntoTheBlock, “Litecoin traders have been capitalizing on price swings, ramping up withdrawals and deposits to sell on spikes and buy on dips.” This has helped keep prices between 90 and 130 for over 3 months.
What Are Other Crypto Analysts Saying About Litecoin?
Another crypto analyst recently supported the previous comments made by Altcoin Sherpa about LTC. Crypto Santa, who has 17.7K followers on X, highlighted in a recent post that LTC has shown great strength. In his reply to Sherpa’s post, he wrote; “No doubt about it, $LTC has shown great strength recently.”
However, he further added that while LTC is strong, “it is strong but not looking quite interesting for an entry right now.” This statement confirms concerns about LTC price performance which has rather been “not so good” compared to other altcoins like XRP and SOL which boomed in January 2025.
Another crypto analyst “Dom” predicted that LTC could reach the $180 mark. Dom based his analysis on historical data where he pointed out that the recent price movement “is nothing like a topping formation.”
Dom further added that LTC price will be bullish above the All-Time High Volume Weighted Average Price (ATH VWAP). However, invalidation of his $180 price level will happen if prices fall below $103.
Litecoin (LTC) Price Performance and Technical Outlook
LTC, the native token of Litecoin, is currently trading at $126.48. This price level marks a 3.76% increase in the day showing that LTC holds immense potential in the global payments sector.
Additionally, data on Coinmarketcap shows that the trading volume of LTC has surged by 5.97% over the last 24 hours. Litecoin currently has a trading volume of $1.14 Billion indicating heightened trading activity around the coin.
While LTC is primed for a bullish rally, the RSI indicator points to a pullback. Based on TradingView data, the RSI currently sits at 79.20 indicating that the digital asset is overbought.
The MACD on the other hand shows positive momentum as the MACD line is above the signal line. Additionally, buying pressure is rising as indicated by the histogram which is green. In case the MACD continues to rise, the price may continue to rise.
Nonetheless, formation of a bearish crossover will shift momentum downwards. If the coin fails to breach resistance at $128.31 a decline towards the short-term support at $120.78 is more probable. Investors should monitor how LTC performs onwards to determine whether the coin can reach the highs of 2021.
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