Litecoin and Avalanche have recently caught attention with their price recovery potential, promising new highs.
Can Litecoin Reach 170 Dollars?
Litecoin peaked at 147 dollars in December 2024 but then began to decline. In February, Litecoin climbed to 140 dollars. Despite resistance at this level, technical indicators support further growth. According to Elliott Wave theory, Litecoin could target 170 dollars but a pullback to around 80 dollars should not be overlooked after reaching this level.
Avalanche Completes Correction: What's Next?
Avalanche experienced a fall from 65 to 24 dollars, but technical analysis and wedge formation suggest recovery is imminent. The RSI indicator shows a reduction in downward pressure, and surpassing the 26-dollar level might serve as a strong bullish signal. Based on Elliott Wave theory, the AVAX price is in the final stage of an ABCDE structure.
Analysis and Price Dynamics Forecast
Overall analysis shows that if AVAX surpasses 26 dollars, its movement might continue towards 29.25 and 36.13 dollars. The 18-dollar level remains a risk zone for the cryptocurrency. Thus, both assets show potential for growth shortly.
Litecoin and Avalanche demonstrate a strong potential for growth despite recent corrections. Investors should consider the mentioned price levels as potential entry or exit points.
