- Litecoin price is consolidating at crucial support and resistance levels.
- LTC shows a bullish breakout after forming a double bottom.
- 20 million transactions were processed in just over 14 weeks.
Litecoin (LTC) price has been experiencing consolidation in recent market conditions. The cryptocurrency has maintained its position above the $75 support level, although it faces challenges in breaking out after a period of sideways movement. Over the past week, Litecoin has shown a 10% increase in value, with traders eyeing the $100 resistance level.
This upward movement follows a double-bottom formation near $70, signaling strong buying interest. The recent price action shows a clean breakout above minor resistance, which indicates that bullish momentum is starting to build.
Litecoin Reaches 20 Million Transactions in 2025
The Litecoin network completed its 20 million transaction mark for the year 2025 across a 14-week period. The network’s adoption continues to grow at a rapid pace based on this recent transaction record. The record demonstrates how Litecoin effectively handles voluminous transaction numbers in brief periods.
The Litecoin network improves its speed and reliability, which draws more users and investors towards it as the cryptocurrency space confirms its position. The active technological development combined with rising public interest will keep Litecoin from slowing down in the upcoming months.
Analyst Predicts Bullish Momentum for Litecoin Price
The Litecoin price exhibited a break from its declining wedge pattern because market forces seem to have changed direction. The Litecoin price is currently performing a retest above its breakout level to confirm whether it will reinstate bullish market trends.
When the price successfully breaks above its original breakout zone, it becomes a major sign that bullish trends will continue pushing prices upward during the next few days. The price movements of Litecoin require market observation as it approaches these critical areas for a potential substantial upside following successful breakouts.
Litecoin Price Analysis
At the time of writing, the LTC price is trading at $75.40, showing a slight decline of 0.36%. The price has been consolidating near the current level, indicating that it is in a crucial phase of price action. Looking at the upside, the first major resistance is found at $80.00, a level that has shown repeated tests in recent price movements. A breakout above this resistance could suggest further bullish momentum, paving the way for a move toward $90.
This would signify a price rally supported by a higher demand for LTC. If the $90 level is breached, LTC could continue its upward movement toward $100, representing a 31.63% potential upside from the current trading price. The Relative Strength Index (RSI) is currently positioned at 40, suggesting that LTC is not yet overbought or oversold but may be nearing a more neutral stance. This indicates that the market has room to move in either direction.
Furthermore, the MACD (Moving Average Convergence Divergence) shows a slight bullish divergence, with the indicator moving toward positive territory. This signals that the selling momentum may weaken, and a bullish crossover could push the altcoin to higher levels in the coming days.
A failure to hold above the $75.00 support could lead to a retest of the $70.00 and potentially $60.00 levels
