Litecoin has risen from the shadows of consolidation to lead the altcoin charge. Which hodlers view as a phoenix moment for the altcoin. Since yesterday alone, LTC price has added over 10.85% in gains, with the 7-day rally staying at 12.73%.
Driven by increasing network activity, bullish ETF speculation, and key technical breakouts, LTC now trades around $122.85. This is pushing its market cap to $9.35 billion. With 24-hour volume surging 170% to $1.48 billion, traders are leveling up their targets. Curious about the weekly close of this token? If yes, then this short-term Litecoin price prediction is a must-read for you.
On-chain Insight
In a recent feat, Litecoin has processed its “340 millionth transaction”, up from 300 million in early January 2025. This means that the network has put out 12% of all LTC transactions since 2011, in 2025 alone. And we still have 4 more months to close the year. The achievement highlights growing adoption and on-chain utility.
Litecoin Price Analysis
LTC’s breakout from a three-year consolidation pattern marks a significant shift in momentum. The asset surged past its multi-month resistance of $110.70 on August 4, flipping it into fresh support. As evident from the 4-hour chart, the Bollinger Bands have expanded sharply, signaling a volatility surge, with LTC now hugging the upper band at $122.94.
The RSI currently sits at 80.31, indicating overbought conditions. However, the bullish narrative is strengthened by the asset’s ability to maintain a price above the 20-period SMA at $111.84, and the latest green candle closing above prior resistance zones.
The chart shows a clean break above the 23.6% Fib at $110.70, with the next resistance at $131.18. That being said, if momentum sustains, a move toward $144.56 looks achievable. On the downside, $110.70 remains the first support to watch, followed by $107.89. The stop loss for trades can be placed at $103.80, below the 38.2% retracement zone.
FAQs
LTC’s price broke out of a 3-year resistance, fueled by ETF optimism and rising on-chain adoption.
The RSI at 80.31 suggests short-term overbought conditions, but broader momentum remains bullish.
If LTC stays above $110.70, the next price targets are $131.18 and $144.56 in the near-to-mid term.
