Litecoin attracted the attention of the market by showing a strong rise in recent days. The fact that SEC was assessing the application of Canary Spot Litecoin ETF and keeping the Fed’s interest rates constant, triggering an upward movement in the price of LTC.
Litecoin ETF approval and price movement
Although Litecoin was seen as one of the oldest and still active projects after Bitcoin, it was considered a long -term valued asset. However, with the evaluation of SEC’s ETF application, the price of LTC increased by 14 %.
LTC was traded under $ 100 during 2023 and 2024, but from the beginning of 2025, it increased above this level and signaled a new bull cycle. According to analysts, this rally increases the likelihood of reaching the highest level of all time for Litecoin.
Technical Analysis: Can Litecoin reach $ 300?
Weekly graphics indicate that the price of LTC holds above the 200 -day moving average. In addition, with the intersection of 50 -day and 200 -day moving averages Golden CrossThe formation is about to occur. This indicates that Litecoin can continue to rise by overcoming $ 205 resistance.
In addition, while the MACD indicator was about to signal a decrease, he strengthened the expectation of ascension by making a bull -oriented deviation. Increased transaction volume shows that investor participation has increased and volatility has increased.
Critical levels for LTC
LTC’s exceeding $ 150 level can strengthen the bull scenario. If the rise acceleration is maintained, the price is possible to reach $ 300. In long -term projections, over $ 500 targets began to be discussed.
However, a correction of around $ 200 may be experienced depending on the general trend in the market. If this level goes down, LTC has a risk of decreasing up to $ 150 again.
Is Litecoin into a new bull wave?
Litecoin has achieved a strong momentum in terms of ETF expectations and technical indicators. If the price is over $ 150 consolidated, the first target may be $ 205 and then $ 300. However, depending on general market conditions, investors need to be careful against volatility.
