You are here: Home / News / Litecoin (LTC) Price Prediction: $400 Target as LTC Breaks Free from Downtrend
by Usman Zafar
- Litecoin (LTC) has gained nearly 11% in the past week, showing strong support and growth potential.
- Litecoin has broken free from a multi-year downtrend, with a target of $400 in the midterm.
- Speculation around a Litecoin ETF in 2025 could attract institutional interest, driving price growth.
Litecoin (LTC) is experiencing a strong bullish trend, showing promising signs of further price growth. Over the past week, LTC has increased by almost 11%, suggesting a positive trajectory as it holds strong above crucial support levels. This rally comes amidst an overall bullish cryptocurrency market, propelled by Bitcoin’s surge, which has boosted investor confidence and positively impacted altcoins like LTC.
At the time of writing, LTC is priced at $111.24, with a 24-hour trading volume of $1.55 billion. Its market capitalization stands at $8.39 billion. In the last 24 hours, LTC has seen a 0.39% price increase, reflecting the ongoing momentum in the market. As LTC maintains its upward trend, it shows potential for further gains as the market sentiment remains largely positive.
Bitcoin’s surge has set a bullish wave in motion, and many investors are now looking to altcoins for the next major opportunity. LTC, with its strong historical performance and consistent growth, is one of the top contenders in the altcoin space. As the market continues to recover, LTC is poised for even greater success in the coming months.
Litecoin Breaks Multi-Year Downtrend, Eyes $400 Target
Litecoin has recently broken free from a multi-year downtrend, as highlighted by industry expert, World Of Charts. The cryptocurrency has formed higher highs and successfully broke out of a multi-year symmetrical triangle pattern, signaling the potential for a significant upward movement. The analyst are now expecting LTC to reach a target