Litecoin has broken above the $150 resistance level and is heading to the next resistance $180. The break is expected to open the door for a clear price target of $180 by mid-October.
Litecoin Price Analysis: LTC breaks above $170, targets $180 next? Litecoin broke above $170 this morning, with the currency moving as high as $203, according to CoinMarketCap. The cryptocurrency is now trading at $168.79, up 4.37% on the day.
Litecoin price continues to make new all time highs against the US dollar. LTC/USD has broken above the $165 level and is currently trading at $174.21. LTC/BTC has also recovered above 0.000001 bitcoins.. Read more about litecoin price prediction 2025 and let us know what you think.
- Yesterday, LTC increased in value.
- Overnight, the $170 milestone was breached.
- The next resistance level for LTC/USD is $180.
The Litecoin price analysis for today is optimistic, as bulls pushed the market higher overnight, breaking over the $170 barrier. As a result, we anticipate LTC/USD to next reach $180 and then begin retreating from there later this week.
Heat map of cryptocurrencies. Coin360 is the source of this information.
Over the past 24 hours, the cryptocurrency market has been trading with a strong positive trend. Etherem is up 3.6 percent, while Bitcoin is up 1.68 percent. With a gain of 15.4 percent, Cardano (ADA) is one among the top performers.
In the past 24 hours, the price of Litecoin has moved: Litecoin surpasses the $170 threshold.
Over the past 24 hours, LTC/USD has moved in a range of $159.08 to $171.93, showing high volatility. The overall trading volume has dropped by 7.5 percent to $2.54 billion. Meanwhile, the entire market value of the cryptocurrency is approximately $11.38 billion, putting it in 15th position worldwide.
LTC/USD 4-hour chart: LTC is aiming towards $180 in the near future.
On the 4-hour chart, we can see that the price of Litecoin is continuing to rise today, with bulls aiming for the $180 barrier.
4-hour chart of LTC/USD. TradingView is the source of this information.
Over the past several weeks, the price of Litecoin has moved with a very strong positive momentum. LTC/USD began to rise when the previous swing low around $105 was retested on July 20th, breaking above the previous swing high at $148.
The medium-term price action structure has turned bullish again, based on this price action development. Following that, the market has continued to rise throughout the last week, with the $170 barrier level being breached on Monday.
LTC/USD gained support around the $160 level yesterday after a pullback and began to climb higher overnight. Over the next several hours, the price of Litecoin broke over the $170 barrier and is now preparing to hit the next hurdle at $180.
Conclusion on the Price of Litecoin
The next 24 hours of Litecoin price analysis are optimistic, as a new higher high was established earlier today following a robust rise overnight. Being a result, we anticipate LTC/USD to continue to rise, with the $180 barrier level as the next objective.
Read our articles on Bitcoin Futures, Physical Bitcoin, and Proof of Stake versus Proof of Work while you wait for Litecoin to go forward.
Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.
Litecoin was a strong performer in the first week of August, as the Bitcoin Cash debacle took its toll on the BTC price. LTC was able to sustain its gains and is now valued at $170, a gain of almost $30 over the past week. The above chart shows how Litecoin has been able to maintain its gains in spite of the recent Bitcoin Cash price increase. It has been able to do this by maintaining its support around $170 which has been the floor of the LTC price for the past few months.. Read more about litecoin price history and let us know what you think.
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