Litecoin Starts a New Upward Trend Above $96

Key Highlights

Litecoin battles the $106 barrier
The altcoin resumes a fresh uptrend       

Litecoin (LTC) Current Statistics

The current price: $99.27
Market Capitalization:  $7,533,307,331.77
Trading Volume: $757,722,374.76
Major supply zones: $100, $120, $140
Major demand zones: $80, $60, $40

Litecoin (LTC) Price Analysis May 22, 2025

Litecoin’s (LTC) price falls but has commenced a new upward trend above $96. The 21-day SMA support has halted the fall. The crypto price is now fluctuating above the 21-day SMA support or the $96 low. On the downside, if the 21-day SMA support is broken, the selling pressure will return. Litecoin will drop to either the $86 low or the low above the 50-day SMA support. 

However, the altcoin will rise to retest the $106 level if the 21-day SMA support holds. If Litecoin breaks through the present barrier at $106, it will rise to a high of $130. The altcoin will be compelled to a range-bound move above the 21-day SMA support and below the resistance around $106 if it declines from the recent high. The price of Litecoin is $98.75.

Litecoin (LTC) Technical Indicators Reading

Litecoin bounced back after dropping over the 21-day SMA support. The upward trend has started above the moving average lines. Litecoin will continue to rise if the price bars remain above the moving average lines. The cryptocurrency is heading sideways, according to the 4-day SMA’s moving average lines.

What Is the Next Move for Litecoin?

Litecoin has begun a fresh upward trend above $96 after its May 10 surge. The altcoin trades above the moving average lines but below the barrier at $106. The 4-hour chart shows that Litecoin is trending sideways between the resistance at $106 and the $94 support. Litcoin is currently growing, although it has been halted by the $100 barrier. The cryptocurrency indicator is good since the price bars remain above the moving average lines.

Make money without lifting your fingers: Start using a world-class auto trading solution.

 NOTE: Learn2.Trade is not a financial advisor.  Do research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.