Litecoin (LTC) Price Surges to $85, Demonstrating Bullish Momentum

This LTC resurgence spotlights the broader market trends with altcoin momentum and LTC surges as a strong contender in the marketplace.

The price of LTC has surged to $85, showcasing a remarkable bullish momentum fueled by the ongoing market activity of Bitcoin. This has led to optimistic investor sentiments, which are favouring altcoins like LTC to capitalize.

According to BTV analysts, if the price of Bitcoin continues to exhibit an upward trajectory, it could propel LTC price towards a new high. This resurgence of LTC is highlighting the broader market trends with altcoin momentum and LTC surges presenting a strong contender in the competitive marketplace. In this article, let’s analyze the last 24-hour performance of the Litecoin price movement to identify how LTC reacts to the Bitcoin surge.

LTC Recovers From $77 – April 22, 2025

As the LTC trading day commenced, it displayed dynamic price action. During the early trading session, LTC began to rise incrementally. However, at 01:15 UTC, LTC encountered an RSI Overbought situation, indicating a potential trend reversal.

Likely, at 01:20 UTC, a pin bar, followed by a full-body red candle, signaled a downtime from the previous timeframe. As expected, LTC resisted at $79.53 and experienced a short-term fall. A Death Cross on MACD at 02:05 UTC, signaled this downtrend further.

At 06:35 UTC, LTC found support at $78.23, moved up, broke the resistance at $79.53, and continued its uptrend. At 07:05 UTC, a Golden Cross on MACD affirmed this uptrend.

Conversely, at 08:50 UTC, LTC resisted at $80 and experienced a brief fall. However, at 10:30 UTC, LTC found support at $78.98 and experienced an uptrend. A Golden Cross on MACD at 11:35 UTC affirmed this uptrend. Subsequently, at 15:10 UTC, LTC encountered an RSI Overbought situation, indicating a potential downtrend. Also, a Death Cross on MACD at 16:15 UTC signaled a possible downtime.

Likely, at 17:40 UTC, LTC resisted at $83.35 and experienced a short-term decline. At 20:40 UTC, LTC found support at $82.61, began to move up, broke the resistance at $83.35, breached a breakout, and experienced a brief rise. But at 21:50 UTC, LTC resisted at $84.62, began to fall, and closed at $83.79.

LTC Tops $85 – April 23, 2025

As illustrated in Chart 1, on April 23, 2025, the LTC trading day started with a brief rise, demonstrating a bullish momentum. At 00:30 UTC, a Golden Cross on MACD affirmed this uptrend. However, at 01:05 UTC, LTC encountered an RSI Overbought situation, indicating a potential trend reversal.

At 01:15 UTC, LTC resisted at $85.19 and began to experience a short-term decline. At 02:00 UTC, it found support at $83.19 and experienced an uptrend. Conversely, at 05:00 UTC, LTC resisted at $85.19 and experienced a brief fall.

Substantially, at 07:15 UTC, LTC found support at $83.63, moved up, and kept fluctuating between key levels.

LTC’s Next Move

Based on the price analysis, LTC price action is experiencing an upward trajectory, demonstrating a strong bullish wave. If LTC breaks the key support at $82.61, it could suggest a bearish momentum. If it breaks the key resistance at $85.19, the Litecoin price could reach a new high.

As the Bitcoin price is establishing a bullish momentum, it significantly reignites altcoin momentum. As a result, LTC surges and gains momentum in the marketplace.

Looking to invest in LTC? Before investing in any cryptocurrency, do a market analysis and know the potential risks and rewards involved.