Litecoin (LTC) Price Prediction: Halving Event and Renewed Market Optimism Could Send LTC Toward $130

With renewed market optimism and a halving event on the horizon, traders and analysts are watching closely for a possible rally toward the $130 mark—a level not seen

Traders and analysts are closely monitoring Litecoin (LTC) for a possible rally toward the $130 mark—a level last seen in 2021—with renewed market optimism and a halving event still on the horizon.

Strong Momentum as LTC Breaks Key Resistance Levels

Litecoin has displayed impressive strength, rallying more than 60% from its April lows and outperforming many large-cap altcoins. It recently reclaimed the $80 and $90 levels, with multiple attempts to breach the psychological $100 barrier.

The recent price surge coincides with a broader market recovery, particularly fueled by Bitcoin's (BTC) rise above the $70,000 mark.

As of press time, LTC trades at $96.68, showing a slight pullback from an earlier high of $107, touched earlier this month. The altcoin briefly surged to $102 before encountering resistance, suggesting a strong presence in that zone.

However, the current trading volume and technical structure indicate a possible continuation of the uptrend.

Bullish Flag Formation Could Fuel Breakout

According to well-known analyst Carl Moon, Litecoin is currently forming a bullish flag—a classic continuation pattern. "Litecoin is about to pump," said Carl during a recent segment on The Moon Show.

He added that a breakout above the upper resistance band of the flag could propel LTC toward the $117.5 level, marking the first such rally since early March.

The pattern has shown consistency, with LTC bouncing off support at $92 and testing the upper band again. A breakout from this zone, analysts suggest, could result in a Litecoin price breakout that sets the stage for a move to $130.

Monthly Close Above Key Resistance Could Unlock $130 Target

Technical analysts on TradingView note that Litecoin is approaching a critical juncture. A monthly candle close above its 200-day moving average could confirm a breakout and pave the way for a significant rally.

“The 200 MA has historically acted as a ceiling,” noted one analyst. “But now that Litecoin has consistently rebounded from an ascending trendline, the decreasing resistance increases the probability of a breakout.”

Should this scenario play out, the LTC price prediction would align with a target of $130—pending the breakout confirmation and a successful retest.

Litecoin Halving Still A Key Bullish Catalyst

The upcoming Litecoin halving cycle, scheduled for early 2026, remains one of the biggest bullish arguments for long-term investors. The event will decrease the block reward from 12.5 LTC to 6.25 LTC, effectively cutting the new supply in half.

Historically, these occurrences have preceded substantial price rallies as the available supply becomes scarcer.

Market watchers argue that the halving, combined with increasing institutional interest and positive technical indicators, bodes well for the future of Litecoin.

"The $80-$90 range has acted as strong support. We expect upside price action toward $120-$150 post-halving," concludes a recent analysis from Benzinga.

Diverging Forecasts Add To Uncertainty

Price projections for LTC vary significantly. According to Litecoin forecast data from Changelly, the crypto price prediction is bullish for 2026, with a potential high of $208. However, other platforms like CoinCodex are more conservative, projecting a price target of $105 by year-end.

This variance reflects the mixed sentiment and diverse technical outlooks on the market.

Litecoin (LTC) was last trading at around $96.68, down 2.55% over the last 24 hours. Its market cap remains solidly within the top 20 cryptos.

With bullish patterns forming, a significant halving event on the horizon, and strong support levels holding firm, many traders see Litecoin as a high-potential asset in the current cycle.

However, the final leg of the breakout depends on a confirmed move above $100 and a monthly candle close above key resistance.