$LTC 🪙 Litecoin starts August strong: What do analysts say?

This Monday, August 4, LTC surpasses $110 USD, marking the beginning of a technical rally that has caught the attention of investors and analysts. What is driving this movement?

📈 Analyst expectations (updated):

1. Carl Moon, an analyst with +1.5M followers on X, includes LTC among the 12 altcoins with the highest growth potential in this cycle. He highlights its strong community and utility as a means of payment.

2. Changelly projects that LTC could reach $124.40 USD in the next 7 days, with a technical sentiment of 67% bullish and an RSI of 53.48, indicating momentum without overbought conditions.

3. Invest Haven estimates that LTC could reach up to $191.06 USD in 2025, if institutional interest and adoption in payments continue.

4. CoinCodex places the expected range for 2025 between $38.39 and $110.61 USD, reflecting the volatility of the crypto market.

🔥 Causes of the current rally:

- Spot ETF narrative: Analysts like James Seyffart and Eric Balchunas (Bloomberg) maintain an optimistic stance on the approval of a Litecoin ETF before October, which could attract institutional capital.

- Growing volume: Over $943M USD in the last 24 hours, with consecutive green candles on 1h and 4h charts.

- Strong fundamentals: Fast network, low fees, and increasing adoption in merchants and payment platforms.

- Favorable technical zone: LTC broke the resistance of $108.50 USD and consolidates above $110 USD, with support at $105–$107 USD.

📌 Technical summary:

- Current price: ~$117.84 USD

- RSI (1h): ~67

- Market sentiment: Neutral with bullish bias

- Fear and Greed Index: 53 (Neutral)

This rally is not just technical: it is backed by fundamentals, influential analysts, and an institutional narrative that could scale.