Litecoin Soars as It Remains Above $100

Key Highlights

Litecoin rallied above the $100 high
Litecoin commences its uptrend

Litecoin (LTC) Current Statistics

The current price: $102.18
Market Capitalization:  $7,751,322,505.25
Trading Volume: $947,059,384.61
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis May 12, 2025

The price of Litecoin (LTC) trades above the moving average lines but remains above $100Prior to its bounce, the altcoin was trading above the moving average lines but below the resistance at $90. Today, Litecoin reached a high of $106 on May 10. However, over the last 48 hours, the altcoin has retraced above the $100 support and has been trading above it. On the upside, a break above the $105 level will catapult the altcoin to a high of $130.

In contrast, Litecoin faces a fall if the bears break below the present support level of $100. Litecoin will fall over the moving average lines ot the $70 support. Today, the cryptocurrency is worth $102.10.

Litecoin (LTC) Technical Indicators Reading

The 21-day and 50-day SMAs are sloping upward, indicating a current trend. Litecoin has started to increase as the 21-day SMA passes above the 50-day SMA. On the 4-hour chart, the moving average lines slope northward. The price bars are higher above the 21-day SMA support. Bulls and bears are trying to take pricing positions above the 21-day SMA support.

What Is the Next Move for Litecoin?

Litecoin rises but remains above $100 and is retested.. If the $100 support holds, the altcoin will increase in value. On the 4-hour chart, Litecoin is trading above the 21-day SMA support but below the resistance of $106. Currently, buyers are trying to maintain bullish momentum above the 21-day SMA support. Litecoin will rise if purchasers are successful in pushing the price above the $106 mark. Meanwhile, the crypto signal is encouraging, with the altcoin trading in a bullish trend zone.

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