{"id":826366,"date":"2025-02-12T07:11:26","date_gmt":"2025-02-12T13:11:26","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/12\/litecoin-ltc-nears-breakout-200-price-target-next\/"},"modified":"2025-02-12T07:11:26","modified_gmt":"2025-02-12T13:11:26","slug":"litecoin-ltc-nears-breakout-200-price-target-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/12\/litecoin-ltc-nears-breakout-200-price-target-next\/","title":{"rendered":"Litecoin (LTC) Nears Breakout, $200 Price Target Next?"},"content":{"rendered":"
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\"Litecoin<\/figure>\n<\/div>\n
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Amid the ongoing market uncertainty, Litecoin (LTC) is gaining significant attention from crypto enthusiasts due to its impressive performance in recent days. While examining current market trends and asset outlooks, a prominent crypto expert posted on X (formerly Twitter) and made a bold prediction for LTC.<\/p>\n

Litecoin Price Prediction\u00a0<\/strong><\/h2>\n

In a post on X, the expert noted that Litecoin is gaining momentum but is currently moving within a consolidation zone between $96.50 and $140. A breakout from this range, followed by a daily candle closing above the $141 level, could pave the way for a rally toward $170 and $200.<\/p>\n

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Besides experts\u2019 LTC <\/a>outlook, CoinPedia\u2019s technical analysis indicates that the asset is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, signaling an uptrend. On a positive note, LTC\u2019s Relative Strength Index (RSI) is near the overbought region, suggesting that the asset has room to rise and maintain its upward momentum.<\/p>\n

$23 Million Worth Litecoin (LTC) Outflow\u00a0<\/strong><\/h2>\n

Looking at this bullish price action, traders and investors are betting on long positions and accumulating LTC, as revealed by the on-chain analytics firm Coinglass.<\/p>\n

Data on spot inflows and outflows shows that exchanges have witnessed a significant outflow of $28 million worth of LTC in the past 24 hours. This substantial outflow from exchanges hints at potential accumulation, which could drive buying pressure and further upside momentum.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

Major Liquidation Level and Current Price Momentum\u00a0<\/strong><\/h2>\n

Besides the potential accumulation by long-term holders, intraday traders also appear to be following the bullish trend. At press time, traders holding long positions are over-leveraged at the $120.90 level, with $5.85 million worth of long positions.<\/p>\n

Meanwhile, traders holding short positions are over-leveraged at the $122.30 level, with $1.60 million in short positions. However, these millions of dollars worth of short and long positions will be liquidated once the price moves in either direction.<\/p>\n

Litecoin (LTC) is trading near $121.90 and has experienced a 2% price surge in the past 24 hours. However, during the same period, its trading volume jumped by 30%, indicating heightened participation from traders and investors compared to the previous day.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid the ongoing market uncertainty, Litecoin (LTC) is gaining significant attention from crypto enthusiasts due to its impressive performance in recent days. While examining current market trends and asset outlooks, a prominent crypto expert posted on X (formerly Twitter) and made a bold prediction for LTC. Litecoin Price Prediction\u00a0 In a post on X, the<\/p>\n","protected":false},"author":1,"featured_media":826367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24472,4166],"tags":[],"class_list":["post-826366","post","type-post","status-publish","format-standard","has-post-thumbnail","category-litecoin","category-nears"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=826366"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/826367"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=826366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=826366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=826366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}