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The Litecoin price jumped 5% in the last 24 hours to trade at $112.90 as of 00:08 a.m. EST on trading volume that skyrocketed 92% to $933.4 million.
The LTC price pump made the crypto the biggest gainer among major cryptos on CoinMarketCap.
Litecoin Price Aims For A Rally
The LTC price has seen an impressive rally from its lows in early 2024. The Litecoin price surged past the $100 psychological level in December through a parabolic curve and reached highs near $140 before facing resistance.
Recently, LTC experienced a pullback towards the $100-$105 support zone, which has acted as a strong demand area multiple times (highlighted in purple on the chart), according to data from GeckoTerminal.
This support zone aligns with the 50-day Simple Moving Average (SMA), reinforcing its importance. The price of Litecoin briefly dipped below this level but quickly rebounded, signaling strong buying interest.
Additionally, a golden cross between the 50-day and 200-day SMAs around $72 in late 2023 indicated a shift into a bullish trend, which remains intact.
The RSI stands at 51.53, indicating that LTC is neither overbought nor oversold. This neutral positioning suggests that the price has room for further upside without immediate overbought conditions.
LTC Price Prediction
Given the current technical structure, the Litecoin price outlook remains bullish. The major resistance remains around $135-$140, where the Litecoin price previously topped out. A breakout above this level could push the price toward $150 or higher.
Meanwhile, the $100-$105 zone is a crucial support area. As long as the price of LTC holds above this level, bullish momentum is likely to continue. If this level breaks, the next support would be near the 200-day MA at $85.
In the meantime, investors are flocking to the presale for Best Wallet (BEST), which YouTuber ClayBro, with over 136K subscribers, says might be the best crypto wallet for 2025.
Best Wallet Presale Closes On $10 Million
Leading Bitcoin and crypto wallet brand Best Wallet continues to grab headlines with its impressive user statistics after surging past 250,000 monthly active users and 500,000 total users.
One of Best Wallet’s standout features is its “Upcoming Tokens” feature. This flags to investors early the hottest presales in the market.
The Fastest Growing Wallet in Crypto!
In a crowded market, Best Wallet delivers the tools you need to gain an edge. 🚀
1️⃣ Exclusive alpha on new projects.
2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
It’s got a great track record at identifying promising projects, having already flagged early tokens including Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Best Wallet continues to gain traction, having already raised over $9.4 million in its presale. A part of its appeal is that investors can also stake BEST tokens for a huge 180% annual return.
Currently, BEST tokens are priced at $0.023925. Those interested in joining the project should buy $BEST before a price hike in less than 12 hours.
Purchase BEST on its official website here.
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