The post Litecoin Price Prediction : Will LTC Price Retest Its All-Time High After a 54% Q4 Surge? appeared first on Coinpedia Fintech News
Amid the subtle cryptocurrency rebound in the first two days of 2025, Litecoin (LTC), a veteran altcoin secured by the legendary Proof-of-Work (PoW) consensus mechanism, has signaled further growth ahead. The mid-cap altcoin, with a fully diluted valuation of about $8.9 billion and a 24-hour average trading volume of about $575 million, gained around 8 percent in the past two days to trade about $105.8 on Thursday, January 2, during the mid-London session.
What Next for Litecoin Price
Following the 54 percent rise during the fourth quarter, Litecoin’s price is more than ready to break towards its all-time high. In the weekly time frame, Litecoin price has been retesting the macro bullish breakout, with the support level above $100.
#LTC #LTCUSDT #Litecoin | #Altcoins
Litecoin: Another Bullish Wave, Or Same?
Can we say this is a new bullish wave, or is it the same? It is definitely the same bullish wave that started in late November with a bottom in August 2024.
This bullish wave saw a 40% correction… pic.twitter.com/mEbzzYHxaA
— Alan Santana (@lamatrades1111) January 2, 2025
In the short term, LTC price could go either way, with the bearish sentiment having the upper hand. Furthermore, LTC price has been forming lower highs and lower lows in the past four weeks, thus consistently closing below the 50-day Moving Average (MA).
However, LTC short-term traders should consider a bullish breakout if the altcoin consistently closes above $129.
Fundamental Outlook
The Litecoin network has grown to a vibrant blockchain with over 7.8 million on-chain users and has facilitated more than 283K transactions since its inception. In 2024, the Litecoin network processed over 92 million transactions, which represented a 38 percent growth year-over-year (YoY).
The Litecoin network is heavily used in cross-border payments due to its fast speed and low fees of under $0.01 per transaction. With the ongoing mainstream adoption by institutional investors, as observed by the several spot LTC ETFs filed last year, the altcoin is well positioned to continue growing in the long haul.
