Litecoin (LTC) price predictions are becoming more bullish, with traders turning their focus to a near-term retest of $100, and perhaps as high as late-2024/early-2025 highs in the $140 area in the coming weeks.
Last around $87, the Litecoin price has been in a strong uptrend in recent weeks. Since bouncing at its early April lows under $64, LTC has risen around 40%.
In doing so, its broken convincingly above its 21 and 50DMAs, as well as a multi-week downtrend.
Bulls are now focused on a likely near-term retest of the $97 area, a major zone of support-turned-resistance going back to December.
A break above here would unlock a move higher towards recent multi-month highs in the $140s, more than 60% up versus current levels.
Chart analysis suggests this is the likeliest next move for Litecoin. But with macro risks growing in the background, a lot of uncertainty remains.
Where Next for the Litecoin Price?
The strong rally in crypto and US stock markets in recent weeks has been driven by hopes that US President Donald Trump is backing off from his trade war, and the economic shock of trade uncertainty won’t be so bad.
Forward looking “soft” US economic data releases paint a picture of a rapidly deteriorating economy.
But more backwards looking “hard” data, like the US jobs report released on Friday, show the economy holding up for now, underpinning the optimistic attitude of the market.
That said, sentiment could quick turn for the worse if recession fears come flooding back. And altcoins like Litecoin are highly exposed to a possible pullback.
Sure, the Litecoin price could reach back to its recent highs in the $140 area in the coming months.
But traders would do well not to chase the rally higher. That’s not until the conditions for a new altcoin season really start to fall into place.
Historically these conditions have been 1) major central banks pumping the market full of liquidity and 2) strong economic growth and optimism about the future.
With the Fed still concerned about “sticky” inflation and trade uncertainty unlikely to abate any time soon, these goldilocks conditions for altcoins aren’t likely to arrive any time soon.
Solely (SOLX) – A Better Alternative for Near-term Gains?
A better crypto to buy now for near-term gains might be a promising new Solana project called Solely (SOLX), which has caught the attention of the web3 community with its impressive presale that’s raked in over $32 million so far.
That ranks it as one of the biggest presales of the year, and tees it up to be one of the biggest token launches of 2025.
Solaxy is the first Layer-2 solution for the Solana blockchain, designed to address network congestion and enhance scalability.
By processing transactions off-chain and using rollups, Solaxy ensures faster, cheaper transactions while maintaining Solana’s security.
With its massive presale haul, a 125% APY staking program and a growing community of over 70,000 followers, Solaxy is gaining major traction.
Its no surprise then that some analysts are predicting a 10x return by the end of 2025, driven by Solana’s surging DeFi activity and Solaxy’s innovative infrastructure.
As Solana’s ecosystem expands, Solaxy’s utility and potential make it a top crypto investment now.
The post New Litecoin Price Prediction Targets $100 and Beyond – Where Is LTC Headed Next? appeared first on Cryptonews.
