As of the morning of April 29, 2025, the price of LTC (Litecoin) is trading around $85.94, up slightly by 0.34% in the past 24 hours.
Technical signals:
• Resistance: $87.50 – $89.00
• Support: $83.00 – $84.50
• RSI: Currently around 51, indicating that LTC is regaining balance after a decline.
Future trading strategy:
• Long scenario: Prefer Long if LTC experiences a slight adjustment towards the support area of $83.00 – $84.50, expecting a rebound to the $87.50 – $89.00 range.
• Short scenario: If LTC fails to break the $89.00 level and shows a reversal signal, consider opening a Short towards $83.00.
2. Long-term investment strategy
Litecoin is one of the oldest coins in the market, dubbed “silver” compared to “gold” Bitcoin. LTC still plays an important role in fast payments and money transfers with low fees.
Long-term strategy:
• Accumulation: Consider buying when the price is below $84.00, especially if the overall market stabilizes.
• Holding: LTC still has growth potential, with medium and long-term targets around $110 – $130 in the next 12–18 months.
3. Major news in the past 24 hours
• The number of LTC transactions reached a new high: Litecoin recorded the highest on-chain transaction volume in the last 5 months, indicating a resurgence in network usage demand.
• LTC continues to expand partnerships with payment gateways: Several international payment platforms such as NOWPayments and BitPay have just confirmed the integration of Litecoin for direct payments.
In summary:
• Future trading: Prefer to Long if there is a slight adjustment.
• Long-term investment: LTC is at an attractive price range for medium and long-term investors.