Litecoin (LTC) Price Holds Key Support: Analyst Predicts $200 Target

LTC's price is showing resilience despite recent market volatility, holding firmly within its key support range. The market is keeping a close eye on the price

Litecoin’s (LTC) price is showing resilience and holding up well despite the recent market volatility. The market is keeping a close eye on LTC’s price, with some expecting it could➥rch $200. The NYSE’s filing for a spot Litecoin ETF has many people thinking the price might jump soon.

LTC Key Support Zone and Accumulation Levels

Litecoin’s price is remaining stable in the $90.1 to $99.1 range, which analysts have identified as a critical accumulation zone. Crypto analyst InvestingHaven shared on Twitter that LTC has maintained this support after a sharp decline, showing strong buying interest in this area.

Looking at key price levels, $97.5 stands out as an important marker – it’s where the 61.8% Fibonacci line sits. The next level to watch is $128.6, which lines up with the 50% Fibonacci point. If LTC’s price breaks above this level, it may pave the way for a rally toward its 2025 target areas, including $200 and beyond.

Litecoin Technical Indicators and Trends

The chart analysis reveals a long-term descending trendline from LTC’s 2021 all-time high of $350, reflecting the sustained bearish momentum over the past two years. However, recent price consolidation near the $128.6 Fibonacci level suggests a potential reversal.

A breakout above this resistance could propel LTC’s price into a bullish phase. Analysts point to the $200 mark as an achievable target if market conditions remain favorable. Further targets include a stretched area near $300 and a bullish scenario reaching $350.

NYSE Spot Litecoin ETF Filing

Finally, as LTC’s price consolidates within its support zone, market participants are watching closely for a breakout above the $128.6 level. The combination of strong technical indicators, accumulation patterns, and external catalysts suggests that Litecoin could be on the verge of a bullish rally toward its predicted targets.