New Litecoin Price Prediction Targets $100 and Beyond – Where Is LTC Headed Next?

New Litecoin Price Prediction Targets $100 and Beyond / Source: Cryptonews

Litecoin (LTC) price predictions are becoming more bullish, with traders turning their focus to a near-term retest of $100, and perhaps as high as late-2024/early-2025 highs in the $140 area in the coming weeks.

Last around $87, the Litecoin price has been in a strong uptrend in recent weeks. Since bouncing at its early April lows under $64, LTC has risen around 40%.

In doing so, its broken convincingly above its 21 and 50DMAs, as well as a multi-week downtrend.

Bulls are now focused on a likely near-term retest of the $97 area, a major zone of support-turned-resistance going back to December.

A break above here would unlock a move higher towards recent multi-month highs in the $140s, more than 60% up versus current levels.

Chart analysis suggests this is the likeliest next move for Litecoin . But with macro risks growing in the background, a lot of uncertainty remains.

Where Next for the Litecoin Price?

The strong rally in crypto and US stock markets in recent weeks has been driven by hopes that US President Donald Trump is backing off from his trade war, and the economic shock of trade uncertainty won’t be so bad.

Forward looking “soft” US economic data releases paint a picture of a rapidly deteriorating economy.

But more backwards looking “hard” data, like the US jobs report released on Friday , show the economy holding up for now, underpinning the optimistic attitude of the market.

That said, sentiment could quick turn for the worse if recession fears come flooding back. And altcoins like Litecoin are highly exposed to a possible pullback.

Sure, the Litecoin price could reach back to its recent highs in the $140 area in the coming months.

But traders would do well not to chase the rally higher. That’s not until the conditions for a new altcoin season really start to fall into place.

Historically these conditions have been 1) major central banks pumping the market full of liquidity and 2) strong economic growth and optimism about the future.

With the Fed still concerned about “sticky” inflation and trade uncertainty unlikely to abate any time soon, these goldilocks conditions for altcoins aren’t likely to arrive any time soon.