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bitcoin
Bitcoin (BITCOIN)
$116,936 -3.29%
ethereum
Ethereum (ETHEREUM)
$4,026 -7.09%
binancecoin
BNB (BINANCECOIN)
$1,223 -1.35%
solana
Solana (SOLANA)
$205.84 -5.86%
ripple
XRP (RIPPLE)
$2.68 -4.00%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000011 -4.56%
pepe
Pepe (PEPE)
$0.000009 -6.14%
bonk
Bonk (BONK)
$0.000017 -8.30%
bitcoin
Bitcoin (BITCOIN)
$116,936 -3.29%
ethereum
Ethereum (ETHEREUM)
$4,026 -7.09%
binancecoin
BNB (BINANCECOIN)
$1,223 -1.35%
solana
Solana (SOLANA)
$205.84 -5.86%
ripple
XRP (RIPPLE)
$2.68 -4.00%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000011 -4.56%
pepe
Pepe (PEPE)
$0.000009 -6.14%
bonk
Bonk (BONK)
$0.000017 -8.30%
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Litecoin Price Forecast: Why LTC Could Rally to $140 Soon

Highlights:

  • Litecoin is trending towards the $131.73 resistance 
  • Rally through resistance could put $140 in focus 
  • Excitement around a possible Litecoin ETF could push Litecoin through $131.73

Litecoin is one of the best-performing cryptocurrencies in the last 24 hours. At the time of writing, Litecoin was trading at $129.99, up by 12.07% in the day. At the same time, Litecoin trading volumes are also on the rise. They are currently up by 168.08% to stand at $2.04 billion in the day. The surge in trading volumes, alongside the price, is an indicator that investor interest in Litecoin is on the rise. 

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Investors anticipate that despite Litecoin’s recent strong momentum, it will continue to rise, potentially reaching even higher prices in the future. There are several factors contributing to the bullish momentum surrounding Litecoin at the moment.

Possible ETF Approval Drawing Investors to Litecoin

One of them is the growing expectation that Litecoin could soon get an ETF. Canary Capital recently submitted an amended S-1 filing for a Litecoin ETF. Many investors believe this is a step closer to having a Litecoin spot ETF being approved soon. This is a big deal for two reasons. First, it could drive FOMO ahead of the potential listing itself. This means Litecoin could continue to rise until the SEC makes a decision.

The rally is likely to be fueled by expectations of a pump immediately after the ETF is approved. At the same time, there is an expectation that after the ETF’s approval, the institutional flow of capital into Litecoin could trigger a price rally to new highs in the short to medium term. Given that Litecoin has a low supply, with a maximum supply of only 84 million coins, a surge in institutional demand could trigger a price surge that pushes Litecoin to new highs in the short to medium term. 

Macro Environment Favors Litecoin And Other Cryptocurrencies

Besides the excitement surrounding a possible ETF approval, Litecoin is poised to benefit from an improving macroeconomic environment that favors cryptocurrencies. For starters, if the ongoing US government shutdown extends for longer, it could lead investors to focus more on safe assets, such as gold, and non-traditional investment classes, including cryptocurrencies.

For Litecoin, which is already gaining strong upside momentum, this could lead to its price reaching new highs in the short term. At the same time, the US has entered a monetary easing cycle with the recent 0.25 basis point cut in interest rates.

Expectations are high that another cut could be underway later this year, and a few more in 2026. This is likely to continue pushing liquidity into high-risk, high-return asset classes, such as cryptocurrencies, where Litecoin is one of the better-known options.

Still on the macro environment, Japan’s ruling party recently got a leader who has triggered expectations of fiscal stimulus in the country. This has already triggered excitement in the markets, as such a move could spark a surge of billions of dollars into the cryptocurrency markets. The result is that Litecoin and other top cryptocurrencies could see rallies to new highs in the foreseeable future. 

Technical Analysis – Litecoin Price Entering Intraday Consolidation

Litecoin has exhibited significant volatility over the last 24 hours. However, overall, it is range-bound between the $131.73 resistance and $125.95 support.

LTC
Source: TradingView

If bulls take control and push Litecoin through the $131.73 resistance, a short-term rally to $140 could follow. On the other hand, if bears take control and push Litecoin below the $125.95 support, then a short-term correction to $115.87 could follow. Of these two scenarios, a rally to $140 seems more likely as bulls take control in the short term.

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