Litecoin Price Retreats to $118 Despite Breaking Multi-Year Resistance – LTC Analysis
The post Litecoin Price Retreats to $118 Despite Breaking Multi-Year Resistance – LTC Analysis appeared on BitcoinEthereumNews.com. Lawrence Jengar Aug 10, 2025 08:04 LTC trades at $118.33 (-5.33% today) after surging past 3-year consolidation. ETF hopes and halving event fuel bullish momentum despite short-term pullback. Quick Take • LTC currently trading at $118.33 (-5.33% in 24h) • Litecoin’s RSI at 60.14 suggests neutral momentum with room for upside • Breaking three-year consolidation pattern signals potential major trend shift • ETF approval speculation and recent halving event driving institutional interest What’s Driving Litecoin Price Today? The LTC price action over the past week tells a compelling story of renewed institutional interest and technical breakouts. Most significantly, Litecoin shattered a three-year consolidation pattern on August 5th with a dramatic 10.85% surge, marking a pivotal moment for long-term holders who had waited through years of sideways movement. This breakout coincided with Litecoin outperforming both Bitcoin and Dogecoin, with LTC reaching a five-month high of $121.35. The catalyst appears to be growing optimism around potential U.S. spot ETF approval, which has historically been a major price driver for cryptocurrencies seeking mainstream institutional adoption. Adding fuel to the bullish narrative, Litecoin’s recent halving event reduced miner rewards, creating a supply shock that traditionally leads to upward price pressure. The halving contributed to a 3.62% price increase as investors positioned themselves for potential scarcity-driven gains. Today’s 5.33% pullback appears to be natural profit-taking after such strong momentum, rather than a reversal of the underlying bullish trend that emerged last week. Litecoin Technical Analysis: Mixed Signals in Bullish Framework The Litecoin technical analysis reveals a market in transition from bearish to bullish territory. Litecoin’s RSI currently sits at 60.14, placing it firmly in neutral territory with room to climb toward overbought levels before signaling a potential reversal. Litecoin’s MACD tells a more encouraging story, with the…
The post Litecoin Price Retreats to $118 Despite Breaking Multi-Year Resistance – LTC Analysis appeared on BitcoinEthereumNews.com.
Lawrence Jengar Aug 10, 2025 08:04 LTC trades at $118.33 (-5.33% today) after surging past 3-year consolidation. ETF hopes and halving event fuel bullish momentum despite short-term pullback. Quick Take • LTC currently trading at $118.33 (-5.33% in 24h) • Litecoin’s RSI at 60.14 suggests neutral momentum with room for upside • Breaking three-year consolidation pattern signals potential major trend shift • ETF approval speculation and recent halving event driving institutional interest What’s Driving Litecoin Price Today? The LTC price action over the past week tells a compelling story of renewed institutional interest and technical breakouts. Most significantly, Litecoin shattered a three-year consolidation pattern on August 5th with a dramatic 10.85% surge, marking a pivotal moment for long-term holders who had waited through years of sideways movement. This breakout coincided with Litecoin outperforming both Bitcoin and Dogecoin, with LTC reaching a five-month high of $121.35. The catalyst appears to be growing optimism around potential U.S. spot ETF approval, which has historically been a major price driver for cryptocurrencies seeking mainstream institutional adoption. Adding fuel to the bullish narrative, Litecoin’s recent halving event reduced miner rewards, creating a supply shock that traditionally leads to upward price pressure. The halving contributed to a 3.62% price increase as investors positioned themselves for potential scarcity-driven gains. Today’s 5.33% pullback appears to be natural profit-taking after such strong momentum, rather than a reversal of the underlying bullish trend that emerged last week. Litecoin Technical Analysis: Mixed Signals in Bullish Framework The Litecoin technical analysis reveals a market in transition from bearish to bullish territory. Litecoin’s RSI currently sits at 60.14, placing it firmly in neutral territory with room to climb toward overbought levels before signaling a potential reversal. Litecoin’s MACD tells a more encouraging story, with the…
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