{"id":628454,"date":"2025-02-20T10:52:33","date_gmt":"2025-02-20T10:52:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=628454"},"modified":"2025-02-20T13:08:30","modified_gmt":"2025-02-20T13:08:30","slug":"litecoin-price-prediction-ltc-price-drops-3-as-this-meme-coin-presale-offering-free-bitcoin-soars-past-2-4m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/litecoin-price-prediction-ltc-price-drops-3-as-this-meme-coin-presale-offering-free-bitcoin-soars-past-2-4m","title":{"rendered":"Litecoin Price Prediction: LTC Price Drops 3% As This Meme Coin Presale Offering Free Bitcoin Soars Past $2.4M"},"content":{"rendered":"

The Litecoin price dropped 3% in the last 24 hours to trade at $129.32 as of 02:31 a.m. EST on trading volume that dropped 4% to $1.5 billion.  <\/span><\/p>\n

Litecoin Price Analysis: Breakout Incoming?<\/h2>\n

The <\/span>LTC price<\/span> has been trading<\/a> in an overall uptrend, with higher highs and higher lows forming since late 2024. The chart displays a consolidation phase pattern, a bullish continuation pattern that often signals a breakout to higher levels.<\/span><\/p>\n

Currently, the Litecoin price is testing the resistance around $136, which has been a major hurdle in previous attempts to break out, according to <\/span>GeckoTerminal<\/span><\/a> data.<\/span><\/p>\n

A consolidation phase occurred in the $93-$136 range, supported by a strong demand zone (marked in purple on the chart) around $101. <\/span><\/p>\n

The price of Litecoin is now pushing higher, and a confirmed breakout above resistance could trigger a sharp upward move.<\/span><\/p>\n

The 50-day Simple Moving Average (SMA) at $115.33 is above the 200-day SMA at $88.23, confirming a bullish trend. Meanwhile, the price of LTC is well above both SMAs, showing strong momentum.<\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), a bullish crossover that indicates upward momentum. The histogram shows positive momentum as well, suggesting continued buying pressure.<\/span><\/p>\n

\"Litecoin
LTC\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

LTC Price Prediction: Is $200 The Next Target?<\/h2>\n

With strong technical indicators and a bullish pattern forming, Litecoin appears poised for a breakout. <\/span><\/p>\n

If the LTC price breaks above the $140 resistance, it could quickly rally toward $160-$180, with $200 as a potential long-term target.<\/span><\/p>\n

However, failure to break resistance may result in a pullback toward $101, which has acted as strong support. Traders should watch volume levels and confirmation of a breakout before making decisions.<\/span><\/p>\n

Meanwhile, investors are piling into a new Bitcoin-themed meme coin called <\/span>BTC Bull Token (BTCBULL)<\/span><\/a> for potential Bitcoin airdrops. 99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n