- Litecoin experienced an 8% surge amidst broader market optimism, yet it remains in a downtrend and must surpass $80 to challenge this pattern.
- Despite short-term gains and increased adoption, Litecoin’s long-term trend remains downward, requiring a move above $80 to reverse its current trajectory.
Litecoin showed a strong response amidst recent market optimism, raising questions about a potential turnaround. While the cryptocurrency experienced a notable surge, its long-term trajectory presents a more complex picture.
Litecoin’s Recent Activity
Litecoin showed strength on Thursday, rising to a high of $77.04, a 4% increase in the last 24 hours. This mirrored broader market gains after news of Donald Trump suspending the tariffs was released. Investors reacted positively to the economic stance, boosting both traditional and crypto markets. Litecoin showed one of the strongest responses among major altcoins.
Litecoin has demonstrated its staying power in the crypto world. A recent report highlighted that Litecoin is one of the few cryptocurrencies that has remained active through multiple market cycles. Out of the thousands of tokens launched since 2014, Litecoin is among the longest-running, demonstrating its longevity.
Furthermore, data shows that Litecoin has consistently been used in a high number of transactions.
Good morning. Litecoin was number 1 for the 22nd straight month on @BitPay for total transactions in March,
as reported by their official X account.
This year, the digital asset has seen increased adoption and integration into financial products. In March, Fidelity added Litecoin to its no-fee crypto IRA offering, allowing users to include it in tax-advantaged retirement accounts. Earlier, in February, the token was added to a list, the Depository Trust and Clearing Corporation (DTCC) ETF eligibility list, a procedural step for assets being considered for exchange-traded products.
In March, an asset manager filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include LTC in its Nasdaq Crypto Index US ETF. Bloomberg analysts James Seyffart and Eric Balchunas estimate a high probability of approval for a LTC ETF by the end of 2025, citing regulatory developments and similar filings.
Despite Litecoin’s short-term gain, the overall trend for Litecoin remains downward. Since peaking above $140 in late 2024, it has generally followed a pattern of lower highs and lower lows. In early March, Litecoin tested the $100 resistance level but failed to maintain it, leading to a decline that found support near $65.
The $60 to $68 range is now seen as a potential support zone. However, momentum indicators suggest a cautious outlook, with the RSI Divergence Indicator signaling a bearish trend earlier in the move. To challenge the current downtrend, Litecoin would need to move above $80.
Litecoin is stabilizing above the broken symmetrical triangle on weekly timeframe. Bullish momentum is building as price respects the previous resistance as new support. If the bounce continues, expect movement towards targets at $85, $115, $140, $180 and $285,
reported by crypto analyst Rose Premium Signals. If it can sustain this level, it could create an opportunity to retest the $100 resistance area.
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