An updated analysis of Litecoin (LTC) as of May 1, 2025
Current Technical Analysis
• Moving Averages: The daily chart shows that Litecoin is trading above the 20-day and 50-day moving averages, reinforcing the upward trend. However, it faces resistance at the 100-day and 200-day moving averages, converging around $98.17 and $99.79 respectively. Breaking through these levels could lead to a strong price increase. 
• 'Golden Cross' Pattern: The 50-day moving average is approaching a crossover above the 200-day moving average, known as the 'Golden Cross'. Historically, this pattern has led to price increases ranging from 20% to 30% for Litecoin. 
• Relative Strength Index (RSI): The RSI shows positive signals, indicating potential bullish momentum.
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📈 Price Predictions for 2025
• May 2025: CoinCodex platform predicts that the price of Litecoin will range between $53.96 and $116.89, with an expected average price of $84.31. 
• End of 2025: Predictions range between $45 and $140, according to wave analysis. Meanwhile, other forecasts suggest the price could reach $196.79, with the possibility of breaking the previous price of $412.96.  
⸻$LTC
$BTC
📊 Market Indicators
• Fear and Greed Index: Stands at 53, indicating a 'Neutral' state in the market. 
• Price Performance: Litecoin recorded an increase of 12.47% over the past year, with 17 positive days out of 30 days last month.