The post Litecoin Price Prediction: Will the LTC Price Breakout Reach $140 or Remain Consolidated in a Range? appeared first on Coinpedia Fintech News
The success of the Bitcoin & Ethereum ETF in 2024 has also raised the demand for the other tokens. Among them, the popular ones are XPR and Litecoin, which have a huge possibility of approval later this year. As a result, the LTC price has been surging monstrously in the past few days, attracting significant volume onto the platform. With the growing momentum and the raised optimism among the market participants, the upcoming breakout may clear the path towards $200 by reaching a very important resistance.Â
After Trump’s inauguration, the crypto space has become more hopeful with clear regulations. Moreover, after the SEC changed its perception of the cryptos, an acknowledgement is also considered a major bullish signal for the crypto. Recently, the LTC ETF filings received the SEC’s acknowledgement and with the proposals holding over a 90% chance of approval, the traders have been extremely bullish over the LTC price rally, which has reached a pivotal zone.
The LTC price has surged above an important resistance at $126, which has cleared the path for a bullish continuation towards the higher targets. However, a major breakout is yet to occur that could squash the probability of a rejection.
As seen in the above chart, the LTC price is constantly testing the resistance of the decisive symmetrical triangle, which has intensified since the start of the month. Therefore, a breakout appears to be imminent anytime in the next few days, while the probability of a sustained upswing currently remains uncertain. Although the volume has been above the average range, the technicals suggest less confidence among the market participants.
The Chaikin Money Flow (CMF), which measures the money flow in and out of the asset, has been stuck around the average range of ‘0’ since the start of 2025. This suggests there is no huge inflow of money into the platform, hinting towards less confidence among the traders. Besides, the ADX has reached close to the lower threshold, suggesting a massive drop in the rally’s strength while the DMI levels show signs of a potential bearish crossover.
Hence, a breakout above the triangle may only occur with a massive rise in the buying volume; else, the Litecoin (LTC) price may remain consolidated within the pattern until the market dynamics do not shift in favour of the bulls.
