LTC Price Prediction: Bullish Momentum Targets $97.10 Resistance

#LTC

• LTC trading above 20-day MA signals bullish trend
• Positive news flow supports price appreciation
• Technical indicators suggest potential upside to $97.10

LTC Price Prediction

LTC Technical Analysis: Bullish Signals Emerge

Litecoin (LTC) is currently trading at 86.92 USDT, above its 20-day moving average of 85.0530, indicating a bullish trend. The MACD histogram shows a negative value (-1.4906), but the signal line (1.1443) suggests potential upward momentum. Bollinger Bands indicate the price is NEAR the upper band (89.4389), which could signal overbought conditions in the short term but also reflects strong buying pressure.

According to BTCC financial analyst Ava, 'LTC's position above the 20-day MA and proximity to the upper Bollinger Band suggest continued bullish potential, with a possible test of resistance at 89.44 USDT.'

Market Sentiment Turns Bullish for Litecoin

Recent news highlights positive developments for Litecoin, including the launch of regulated cloud mining services for LTC and a technical breakout above descending resistance. BTCC financial analyst Ava notes, 'The combination of bullish technicals and positive news FLOW creates a favorable environment for LTC. The mention of a $97.10 target in news headlines aligns with our technical outlook.'

The launch of a solana ETF has also sparked speculation about similar products for other altcoins, potentially including LTC, which could bring additional institutional interest.

Factors Influencing LTC's Price

QFSCOIN Launches Free Cloud Mining for BTC, DOGE, and LTC Under US Regulation

QFSCOIN has expanded its cloud mining services to include Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), offering global investors a barrier-free entry into cryptocurrency mining. The platform eliminates the need for expensive hardware and high energy costs, leveraging AI-powered data centers across the U.S., Canada, Norway, Iceland, and Kazakhstan.

Founded in 2019, QFSCOIN emphasizes compliance with U.S. regulations and robust security protocols to safeguard user assets. Daily earnings distributions and zero maintenance fees further enhance accessibility for retail and institutional participants alike.

Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level

Litecoin (LTC) has broken through a critical technical barrier, signaling a potential trend reversal after months of sideways movement. The breakout comes amid a broader crypto market recovery, with Bitcoin and Ethereum leading the charge. Analysts now eye the $97.10 level as the next bullish target.

Carl Runefelt, a prominent market analyst, notes the significance of LTC's daily chart breakout. The move could attract fresh capital from traders seeking asymmetric returns in altcoins. Litecoin's fundamentals—low fees, fast transactions, and deep liquidity—position it favorably as institutional interest in crypto grows.

Market sentiment appears to be shifting, with ETF speculation adding fuel to Litecoin's rally. The coming days will test whether LTC can convert this technical breakout into sustained upward momentum.

Is An XRP ETF Next After The Solana ETF Launch? Experts Answer

REX-Osprey's Solana ETF launched on July 2, marking SOL as the third cryptocurrency with a spot ETF in the U.S., following Bitcoin and Ethereum. Bloomberg analysts Eric Balchunas and James Seyffart suggest XRP could be next in line for ETF approval, citing a 95% likelihood this year. Their prediction mirrors earlier forecasts for SOL, which came to fruition with the recent launch.

The Grayscale Digital Large Cap Fund's SEC approval further strengthens the case for an XRP ETF. Market analyst Nate Geraci anticipates spot XRP ETF approval soon, with potential altcoin ETFs for Cardano and Litecoin also on the horizon. While Litecoin may precede XRP, the momentum clearly favors broader crypto ETF adoption.

How High Will LTC Price Go?

Based on current technical indicators and market sentiment, LTC shows strong potential for upward movement:

BTCC financial analyst Ava suggests, 'The convergence of technical and fundamental factors points to a likely test of the 89.44 resistance level, with potential to reach the 97.10 target if bullish momentum continues.'