Amid the ongoing market turmoil, top crypto projects have plunged below their important support levels. However, the Litecoin price has maintained its value above its important support of $100, hinting at a potential bullish reversal this month.
LTC Price Successfully Retests Its $100 Support Trendline
The Litecoin price has maintained its value above the $100 mark with an intraday jump of ~5%. With a trading volume of $655.72 million, this altcoin is currently valued at $7.95 billion and has secured the 22nd position in the global crypto market. The MACD indicator displays a constant decline in the red histogram, with averages hinting at a potential bullish convergence in the daily time frame. Thus, the LTC coin price may continue gaining value. Furthermore, the SMA indicator records a flatline above the Litecoin price chart, indicating a potentially positive price action ahead for this altcoin.
Will Litecoin Price Hit A New 52-week High This Month?
If the bullish sentiment intensifies, the LTC token could retest its resistance level of $110. If the market favors the bulls at that time, this altcoin could head toward its upper price target of $130. On the contrary, if the bears outrun the bulls, it could break down its support trendline of the triangle pattern and retest its low of $100. Furthermore, if the bearish sentiment intensifies, this could pull the price of Litecoin toward its low of $90.
FAQs
****Is LTC a buy or sell?**** Considering the historic market sentiments, the Litecoin price is currently highly undervalued, making it a potential pick.
****How much will 1 Litecoin be worth in 2025?**** If the bullish sentiment sustains, this altcoin could conclude the year 2025 with a potential high of $140.
****How much is Litecoin worth?**** At the time of writing, the value of one LTC token was $104.43.
Despite market turbulence, Litecoin shows resilience by staying above critical support, which could indicate a bullish trend developing soon.
