Litecoin Revisits Its Prior Top and Aims for the $237 High

Key Highlights

Litecoin rallies to the $140 high
The crypto asset targets the $237 high

Litecoin (LTC) Current Statistics

The current price: $138.98
Market Capitalization: $10,467,560,673.64
Trading Volume: $2,720,607,701.53
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis January 17, 2025

The price of Litecoin (LTC) begins a positive trend as it aims for the $237 high. The crypto asset has achieved a high of $138. On the upside, the altcoin will continue to advance if it breaks above the $147 resistance level. The price indication for the cryptocurrency has shown a significant surge. During the December 2 price surge, a retraced candle body tested the 50% Fibonacci retracement.

The retracement predicts that the LTC price will rise to the peak of the 2.0 Fibonacci extension, or $237.50. However, if Litecoin is rejected at its recent high, it will fall and continue its range-bound movement. The altcoin will trade above the moving average lines but below the barrier of $147.

Litecoin (LTC) Technical Indicators Reading

The altcoin has maintained its positive trend, with price bars remaining above the moving average lines. The moving average lines indicate a bullish crossover, with the 21-day SMA crossing above the 50-day SMA. It is a bullish signal for the coin.

What Is the Next Move for Litecoin

The 4-hour chart indicates that Litecoin is increasing as it aims for the $237 high. The cryptocurrency price is exhibiting a pattern of rising highs and lows. Today, the bullish momentum hit a high of $140 but fell back to a low of $138. The altcoin is projected to hit its previous high of $147. Meanwhile, the crypto signal is favorable, with the altcoin revisiting its earlier high.

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