#PriceTrendAnalysis Over the past year, Litecoin has experienced significant growth, with its price increasing by approximately 89.26% from $68.99 to $130.56.

In the short term, Litecoin has shown volatility, trading in a descending parallel channel since its peak of $147.06 on December 5, 2024. Recent movements suggest a potential breakout above the channel resistance, indicating a possible upward trend.

Technical indicators also support a bullish outlook. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are both increasing and are above their respective bullish thresholds of 50 and 0.