Litecoin (LTC) is taking the spotlight today with an impressive performance. The open source p2p crypto capable of facilitating instant transactions across the globe has recorded over 12% surge. This has made this digital asset the best performing coin amongst the top altcoins according to coin ranking by market capitalization.
According to CryptoBull_360, “LTC is gaining bullish momentum after a whale accumulated at recent dips.” LTC’s surge comes after the coin dropped to $107.8 level following the market sell-off that occurred on Feb. 25, 2025. Additionally, with LTC showing immense potential and set for recovery, analysts have predicted that the coin could surge to $150 in the near future.
#LTC is gaining bullish momentum after a whale accumulated at recent dips. A short-term breakout from the highlighted zone is expected with strong volume — keep a close watch!$LTC #LTCUSDT #Litecoin pic.twitter.com/l9M8hk7sI3
— CryptoBull_360 (@CryptoBull_360) February 26, 2025
LTC Surges Over 12% Leading Altcoin Recovery
The crypto market faced a hard time yesterday with massive losses experienced by investors as prices dropped. However, the market is recovering with LTC leading the recovery from yesterday’s dips.
As of the time of this writing, data on Coinmarketcap indicates that LTC is trading at $125.45. This price marks an impressive 12.18% surge on the Wednesday 26th Feb session.
However, trading activity around LTC has slowed down over the last 24 hours. LTC’s trading volume stands at $1.35 billion indicating a 16.22% drop in the same period. For prices to continue the upward movement LTC’s price must be backed by strong volumes.
What Does The Litecoin Technical Indicators Show?
LTC is putting up a great performance as it tops altcoins recovery. The bullish momentum could probably lead to a $130.10 price retest although an inability to hold above $125 could trigger a downward pullback to $121.08 levels.
Looking at LTC technical indicators on TradingView, the RSI value reads 66.19 showing signs that the coin may be reaching the overbought level. This signifies that the asset has received robust buying pressure but the price could face rejection if it exceeds 70.
Additionally, the RSI matches well with the bullish breakout although a market pullback could signal a potential market exhaustion. A drop of RSI values below 60 could point towards weakening momentum which might generate a retracement.
On the other hand, the MACD indicates a positive trend with the MACD line located at 2.54 just above the signal line positioned at 1.43. The histogram bars are also positive implying that intense buying pressure which backs the current market price increase.
LTC could experience sell-off pressure that might drive its price downwards if a bearish crossover occurs. LTC traders should thus analyze the price movement patterns together with trend indicators to determine long-term bullish momentum.
Analyst Predicts LTC’s Price Could Surge To $150
The recent performance by LTC has attracted several predictions from analysts. One key analyst “Moon Whales” has predicted that LTC could surge further pushing prices even higher. The analyst shared on X that “LTC is forming a massive ascending triangle.
“The trendline support keeps pushing price toward the key $130-$135 resistance.” He further added. If LTC manages to break above the resistance above the levels mentioned above, this “could ignite a major rally toward $150+.”
In case bulls fail to push the prices further, LTC could drop towards the support at $121.08 level. A breach of this level could see the coin retest lower support at $109.65. Traders and investors should monitor the market to see what happens next.
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