Litecoin Smashes Through Resistance – Bulls Charge Toward $97.10 in 2025 Rally
Litecoin just flipped bearish sentiment on its head—breaking a stubborn descending resistance line with the subtlety of a sledgehammer. Traders are now eyeing the $97.10 target as the next battleground.
### The breakout playbook
No fancy jargon here: LTC’s price action just schooled the doubters. The move signals potential for a sustained uptrend—if bulls can hold ground against profit-takers and the usual crypto volatility.
### Why $97.10 matters
That’s the next psychological hurdle, and where leveraged longs will likely pile in. Forget ‘fundamentals’—this is pure technical trading, with a side of speculative frenzy. (Bonus jab: Wall Street analysts are probably still waiting for their ‘blockchain ETFs’ to catch up.)
Active traders are already positioning, while HODLers smirk at yet another ‘death of crypto’ headline proven wrong. The real question: Will Litecoin’s silver-to-Bitcoin’s-gold narrative finally get its moment—or is this just another pump before the inevitable ‘correction’?
Litecoin Bullish Momentum And ETF Hopes Fuel Rally
Litecoin (LTC) is gaining bullish traction as price action strengthens and investor sentiment improves across the crypto market. Currently trading above $90, Litecoin has broken out of its downward trend, signaling renewed buying interest and technical strength. This MOVE is particularly significant, given months of sideways consolidation and the broader market’s gradual recovery.
According to Carl Runefelt, Litecoin has decisively broken above its descending resistance on the daily chart—a bullish technical setup that could pave the way for further gains. Runefelt believes the next target is $97.10, a level that, if reached and held, could mark the start of a new upward leg for LTC. The recent breakout has reignited interest in Litecoin’s medium-term prospects, especially as traders look for altcoins with momentum and untapped upside.
Adding to the optimism is speculation surrounding a potential Litecoin spot Exchange-Traded Fund (ETF). According to Bloomberg, the probability of approval for a Litecoin spot ETF by October 2 (local time) has risen to an impressive 95%. Such a product WOULD offer institutional investors a new and regulated vehicle to gain exposure to LTC, potentially unlocking significant inflows.
With favorable technicals and strong fundamentals aligning, Litecoin appears poised for a breakout. The coming days will be critical as bulls aim to confirm support above $90 and push toward the $97.10 resistance. If ETF approval expectations continue to build alongside broader market momentum, Litecoin could emerge as one of the top-performing altcoins of the current cycle.
LTC Price Action: Key Levels To Reclaim
Litecoin (LTC) is showing strong bullish momentum after breaking above a key descending resistance level on the daily chart. As seen in the chart, LTC surged over 4% in the last session, closing at $91.23. This breakout follows weeks of tight consolidation NEAR the $85 zone and signals growing interest as market sentiment improves across the board.
Price has now moved decisively above the 50-day and 100-day moving averages, which have acted as resistance in recent weeks. The next challenge lies at the 200-day moving average, currently near $98.50, which aligns closely with the analyst-projected target of $97.10. Reclaiming that level would confirm a full trend reversal and open the door to testing the $100 psychological level.
Volume has also picked up, supporting the breakout and suggesting that buyers are stepping in. If bulls maintain momentum and consolidate above $90, Litecoin could confirm a shift in market structure and set the stage for a broader rally. On the downside, any rejection at the 200-day MA could trigger a retest of the $87–$89 support area.
Featured image from Dall-E, chart from TradingView
