As of May 4, 2025, Litecoin (LTC) is trading at approximately $86.45, reflecting a slight decline of 0.42% over the past 24 hours.
🔍 Market Overview
Recent Performance: LTC has experienced a modest uptick of about 5% over the past month, climbing from the low $70s to the mid-$80s.
Resistance Levels: The coin faces significant resistance around the $90–$95 range.
Support Levels: Strong support is observed near the $79–$80 range.
📈 Technical Indicators
Golden Cross Formation: Analysts are monitoring a potential "golden cross," where the 50-day moving average crosses above the 200-day moving average—a bullish signal that could propel LTC's price upward.
Accumulation Trends: The Accumulation/Distribution Line (ADL) indicates increasing buying interest, suggesting that investors are accumulating LTC.
📅 Upcoming Events
Litecoin Summit 2025: Scheduled for May 29–30 in Las Vegas, this event is expected to attract significant attention from the crypto community.
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🔮 Price Predictions
Short-Term Outlook: If LTC breaks above the $90 resistance level, it could target the $97–$102 range. A sustained move past $100 might open the path to $115–$120.
2025 Forecasts: Predictions for LTC's price by the end of 2025 vary:
Changelly: $100.78 to $106.37
CoinCodex: $42.89 to $116.89
Binance: Approximately $86.62 #
⚠️ Considerations
ETF Approval Speculation: Rumors about the U.S. SEC potentially approving a Litecoin ETF have contributed to recent price movements. However, no official confirmation has been provided.
Market Sentiment: While technical indicators are showing bullish signs, broader market sentiment remains cautious.
