We looked at Litecoin recently, it was on the daily timeframe. Immediate resistance sits at $150/$145. Think about this...
Looking at this chart, it is easy to see that Litecoin is trading at bottom prices. It is a bit high compared to all the peaks since 2022 but still low compared to 2021.
Now, this is all good. The "bit high" shows that buyers are present and buying, there is interest in accumulating Litecoin because prices continue to grow. Then the bottom has also been rising, a rising trendline, and this since June 2022.
If you go back to 2018-2020, there is a similar period. Litecoin hit bottom from a bear market and then started to consolidate. The consolidation phase had some bullish action coupled with higher lows. Same as now.
Needless to say, the end result was a massive bullish run, the 2021 bull market. We are seeing the same now but in 2025, market conditions are all the same. Litecoin hit bottom after a strong bear market and started to consolidate. The consolidation period shows a ranging market but still with higher highs and higher lows.
Litecoin is now at resistance while pushing higher, volume is starting to show.
The next target is $642 but Litecoin can go higher, this is only the next high. We have to wait and see for how long the bull market will go. The next target after $642 is $1012.
Thank you for reading.
Namaste.
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