Near-term Litecoin (LTC) price outlook. Technical Analysis and Resistance Levels

Jakarta, pintunews – Recent price action in Litecoin (LTC) has been closely watched by market participants, especially with the cryptocurrency on the verge of breaking a crucial resistance level.

Technical Analysis and Resistance Levels

Technically, Litecoin has managed to break above its 50-day, 100-day, and 200-day moving averages, which is a strong indication of bullish momentum. The next resistance level is around $96. If this level is broken, we could see a move towards the $130 level, which was last seen in late 2024 and early 2025.

However, some momentum indicators are showing signs of exhaustion. The Relative Strength Index (RSI) is just above the 14-day signal line, while the MACD histogram shows a decline in positive momentum in recent days. This increases the likelihood of a trend reversal in the near future.

Macroeconomic Factors and Market Sentiment

177,000 jobs were added to the US economy in April: pic.twitter.com/k521TNsrCa

Litecoin’s price increase was also driven by optimism about the United States economy. The latest employment data showed the addition of 177,000 jobs in April 2025, highlighting the resilience of the labor sector. Nevertheless, the latest business survey data indicated pressure on the economy, leaving some uncertainty in the market.

This fragile market sentiment might make investors cautious. If recession fears return, cryptocurrencies like Litecoin could come under selling pressure. Throughout history, altcoins have been susceptible to changes in overall economic confidence.

ETF Speculation and Institutional Adoption

There is also speculation that an Exchange-Traded Fund (ETF) for Litecoin could be approved soon. If approved, this ETF could attract billions of dollars of new investment, propelling LTC into a new bullish cycle.

Moreover, Litecoin is considered a stronger alternative for privacy-focused transactions. Growing interest from institutions and broader adoption in payment networks bode well for LTC’s fundamentals towards mid-2025.

Conclusion

Litecoin is approaching the $100 level, supported by positive technical indicators and speculation about ETFs. However, global macroeconomic factors and fragile market sentiment may affect further price movements. Investors are advised to remain vigilant and consider various factors before making investment decisions.

Also Read: Potential Impact of Dogecoin ETF Approval on Crypto Price and Market

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