Litecoin Price Prediction: Will LTC Smash Through the $100 Barrier?
The post Litecoin Price Prediction: Will LTC Smash Through the $100 Barrier? appeared on BitcoinEthereumNews.com.
Litecoin’s price surge past key moving averages signals a bullish breakout, but traders remain wary of looming macroeconomic risks. Speculation around a potential Litecoin ETF and strong job data fuel optimism, though market fragility could spark sudden reversals. Litecoin is gaining attention as its price closes to the major milestone of $100. The recent surge in price is a major rebound from early April lows AT $64. At the time of writing, the cryptocurrency has gained over 40% in the period of last month. Following its current bull trajectory, analysts are firm at the $100 mark or even beyond. Source: TradingView The upward momentum has been clear in technical scenarios. Litecoin successfully moved above its 50-day, 100-day, and 200-day moving averages. The next key target on traders’ radars is the $96 zone. A decisive break above this could pave the way for a substantial rise, potentially towards the $130 range seen in late 2024 and early 2025. Chart patterns suggest that Litecoin may indeed be gearing up for another leg higher. However, while technical indicators lean bullish, broader economic factors introduce caution into the mix. Macro risks remain, and traders are weighing these carefully before making bold bets. Economic Signals Impact Litecoin’s Outlook The recent strength in Litecoin and broader crypto markets has been closely linked to optimism about the US economy. Markets have been lifted by hopes that US President Donald Trump’s softened stance on trade policy will limit economic damage. These developments have encouraged both crypto traders and equity investors to stay risk-on for now. Still, there is a disconnect between different types of economic data. “Soft” data, such as recent business surveys, hint at an economy under pressure. On the other hand, more tangible indicators tell a different story. The US labor market, for example, remains sturdy.…
Filed under: News - @ May 4, 2025 9:25 am