A Review of the “Silver” of Crypto Assets: Litecoin (LTC)

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A Review of the “Silver” of Crypto Assets: Litecoin (LTC)

 
Litecoin, one of the oldest cryptocurrencies with fast transaction confirmation, has been on a downward trajectory in recent months, during which sellers pushed the price to a cycle low of $62.
 

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The price reaction at $62 aligns with an ascending trendline formed by four major support points visible on the weekly timeframe, which currently represents one of the most essential support levels ahead for LTC.
 

Similar to most altcoins, Litecoin shows a strong correlation with Bitcoin. Because of this relationship, investors interested in LTC are mainly waiting for more explicit confirmation of a bullish reversal in Bitcoin before anticipating a shift from bearish to bullish momentum in Litecoin.
 

At present, the price is holding above the key level of $84, giving high-risk buyers some optimism. If this level continues to hold, the following upside targets lie at the $92 resistance, and in a stronger bullish extension, toward $100.
 

From a fundamental perspective, several positive catalysts are emerging for Litecoin. Major firms like Luxxfolio have recently detailed mid-term plans to increase their LTC holdings, highlighting rising institutional confidence in the asset.
 

Additionally, the introduction of Litecoin ETFs, alongside Hedera ETFs on Nasdaq, underscores the growing significance of LTC within the broader digital-asset market. Provided that Bitcoin does not exert downward correlated pressure, these developments may act as a meaningful bullish driver for Litecoin.
 

In a bearish scenario, if the key $84 level breaks and the price stabilizes below it, buyers may retreat—significantly increasing the probability of a decline toward the $70 support zone.