LTC Eyes $117.50 Amid Bullish Flag Pattern and Market Divergence

Litecoin (LTC) is currently at a pivotal juncture as it consolidates following a significant 69% monthly surge. With its price hovering around $98.42 USDT, analysts are closely monitoring key technical patterns and market sentiment to determine whether LTC will break out toward $117.50 or face a pullback. The cryptocurrency recently rebounded from a critical demand zone, sparking optimism among some traders who identify a forming bullish flag pattern—a technical indicator often preceding upward movements. However, others remain cautious, noting that Litecoin’s trajectory may heavily depend on Bitcoin’s performance and broader market conditions. As of May 22, 2025, the market remains divided, with LTC’s next move poised to shape its short-term trend.

Litecoin Eyes $117.50 as Analysts Watch Key Support Level

Litecoin has rebounded from a critical demand zone, with its price consolidating after a 69% monthly surge. The cryptocurrency now faces a decisive moment as traders watch for either a breakout toward $117.50 or a potential pullback.

Market sentiment remains divided. While some analysts point to a forming bullish flag pattern—a technical structure often preceding upward moves—others caution that Litecoin’s fate may hinge on Bitcoin’s ability to breach all-time highs. Carl Runefelt, among the optimists, highlights the coin’s technical resilience.

The broader crypto rally continues to influence altcoins, though Litecoin’s next move will likely depend on whether the current support level holds. A failure here could trigger renewed selling pressure across secondary assets.

Hashfly Emerges as Trusted Leader in Cloud Mining Amid Industry Scrutiny

As cryptocurrency investors navigate a minefield of cloud mining scams, Hashfly has established itself as a rare legitimate operator. The platform, operational since 2013, now serves over one million users mining Bitcoin (BTC), ethereum (ETH), and Litecoin (LTC) through its remote computing infrastructure.

Hashfly’s model eliminates hardware barriers by renting out mining capacity from its industrial-scale facilities. This approach has gained particular traction among retail investors seeking exposure to crypto mining profits without technical expertise or capital-intensive setups.