Litecoin (LTC) Shows Signs of Renewed Bullish Momentum as Bitcoin Pushes Past $90,00

Litecoin (LTC), one of the oldest and most recognized cryptocurrencies, is showing signs of renewed bullish momentum.

Litecoin (LTC) has been showing signs of renewed bullish momentum as the cryptocurrency closely tracks Bitcoin's recent rally. In the past two weeks alone, Litecoin has gained over 14% and is currently trading handily above the $87 mark.

As Bitcoin pushes past the $95,000 level, speculation around altcoins has also intensified, positioning Litecoin as one of the front-runners in this phase of the market cycle.

Don't miss out on Chainalysis' latest report on stablecoins and the implications for the broader crypto market.

Litecoin: A Technical Setup for a Major Move

A glance at Litecoin's weekly chart reveals a consistent upward trend that has held for over six years, forming a rising logarithmic channel. This long-term pattern suggests that Litecoin's structure remains intact, even after enduring past market volatility. The latest rebound off support also suggests a retest of its previous all-time high above $359 could be on the horizon.

Litecoin's weekly chart highlights the rising logarithmic channel and potential for a retest of the all-time high.

For traders who engage in leveraged positions, the current market setup offers an excellent risk-to-reward ratio. With a stop loss positioned just below $62 and a price target of $359, the setup provides a risk-to-reward arround 0.42 to 2.9. This outlook aligns with Litecoin's formation of higher highs and higher lows since late 2022- typical characteristics of a sustained uptrend.

Litecoin: Strong Fundamentals and Network Activity

Beyond technicals, the fundamental case for Litecoin is also becoming stronger. The Litecoin network has seen a notable increase in large-scale transactions, a sign of growing institutional participation. According to IntoTheBlock, transactions over $100,000 on the Litecoin blockchain surged by more than $52 billion in the past seven days.

This spike in high-value transfers highlights confidence from larger market participants, who typically enter the market with longer-term positioning in mind.

LTC transactions over $100K have seen an enormous increase in the past week.

Furthermore, Litecoin maintains a strong correlation with Bitcoin, recording a 30-day correlation coefficient of 0.88. This high correlation suggests that as Bitcoin's bullish momentum continues, Litecoin could ride that wave higher, especially with institutional outflows gradually diversifying into major altcoins.

Litecoin ETF Speculation Drives Market Sentiment

The anticipation of a spot Litecoin ETF is quickly becoming a key narrative driving demand for the altcoin. While no official approval has been granted yet, the possibility of a regulated LTC investment vehicle in the U.S. would mark a significant milestone. It would offer investors easier exposure to Litecoin without the need for direct custody of the asset, potentially opening the door for a flood of capital from both retail and institutional sectors.

Should the ETF be approved in the coming months, the resulting demand could drastically alter the supply dynamics for LTC. Combined with its capped supply of 84 million coins, any significant uptick in institutional buying pressure could lead to sharp price appreciation, similar to what the market saw with Bitcoin during the early stages of ETF inflows.

Final Thoughts

Overall, Litecoin is showing all the signs of a coin preparing for a breakout. With a strong technical base, increasing large-scale network activity, and growing anticipation around ETF approval, LTC is well-positioned for potential upside in the months ahead.

While risks remain—particularly if ETF approvals are delayed or Bitcoin corrects—market conditions currently favor a bullish bias. For Long-term investors and active traders alike, this could be a rare window of opportunity to accumulate LTC before wider market attention fully returns to the coin.