Litecoin Price Soars 6% in a Week, as Telegram Wallet Integrates LTC – Is $129 Imminent?

Highlights:

• Litecoin price soars 6% in a week despite a slight drop in trading volume.
• Telegram Wallet now supports Litecoin for all non-US Telegram users.
• Technical indicators show a potential rebound in the LTC market. Can LTC reclaim the $100 mark?

The price of Litecoin is trading under the $100 mark as the bears are in full control. LTC/USD is trading at $93.71. Its daily trading has plummeted 13% to $431.59M, indicating a fall in market activity. LTC is up 6% in the past week, as the bulls attempt a recovery.

Meanwhile, Telegram Wallet now supports Litecoin for all non-US Telegram users. On March 24, the altcoin was integrated into Telegram’s wallet feature, making it accessible to a significant number of the global audience. This could also make Litecoin shine amongst other digital assets in terms of participation amongst the more than 1 billion monthly active users in Telegram.

Litecoin now available on Telegram's cryptocurrency wallet for all non-US users of the app. 🔥👀 https://t.co/BqOPxuUmwG

— Litecoin (@litecoin) March 24, 2025

Users can buy, sell, and trade all kinds of cryptocurrencies via Telegram’s built-in crypto wallet without any hassle. Since then, the wallet has supported the addition of Litecoin (LTC) and some of the most famous cryptocurrencies, such as Bitcoin (BTC), Toncoin (TON), and Tether (USDT). Moreover, it also supports several gaming tokens on transactions, making its utility much deeper.

Litecoin Price Outlook

The LTC/USD daily chart timeframe has been consolidating within a descending parallel channel, with the odds tilting towards the sellers. This is evident as the Litecoin price trades below the 50-day and 200-day Simple Moving Averages (SMAs). The token has plunged 0.74% to the $93.71 mark as the bulls attempt a rebound.

However, if the consolidation acts as an accumulation before the next leg up, it could potentially breach key resistance levels at $95 and $108. The MACD’s bullish divergence and green histograms add weight to the argument for an upward move. If momentum builds and the MACD crosses the neutral line towards the positive territory, Litecoin could gain further traction, potentially retesting higher resistance levels. 

If buying pressure spikes, LTC could first target resistance at $95, which aligns with the 200-day MA, followed by $108, which aligns with the 50-day MA, and a more substantial hurdle at $129. However, if sellers continue dominating the market, immediate support lies at $89. A breach below this level could trigger a deeper correction to around $82 and $73, respectively.

If market sentiment weakens, LTC may consolidate or retrace toward its support zones before making another attempt to break higher. Traders should watch for confirmation signals as increasing volume could fuel a sustained recovery.

Can LTC Break Above Key Resistance Zones?

The Litecoin price shows encouraging signs of recovery, with technical indicators hinting at a potential move toward the $129 barrier. The increasing green histograms on the MACD and the northbound RSI suggest that sellers are losing control. Currently, the RSI sits at 43.26, with the momentum northbound, indicating growing buying pressure. If the RSI hurtles above the mean level toward the 55 area, the bulls could have the upper hand, stirring a bullish reversal.

Meanwhile, the broader crypto market requires a strong uptrend, in which LTC will need sustained buying pressure to break through resistance levels. A steady climb with increasing volume could set the stage for Litecoin to test $129, though a lack of momentum may lead to consolidation before any significant move.