Bitcoin News Update: Litecoin's Reputation as 'Digital Silver' Strengthens as Its Q4 Surge Surpasses Bitcoin
- Litecoin (LTC) shows technical and on-chain signs of a potential $112+ breakout, supported by rising volumes and whale accumulation. - Price reclaimed key $101.45 EMA with RSI at 56, targeting $106.98 resistance as a gateway to $112.25 and $130–$140 levels. - November's $15.1B trading volume and 6% growth in large LTC wallets highlight strategic accumulation, outperforming Ethereum's Q4 drawdown. - Diverging from Bitcoin's stagnation, LTC gained 11.83% against BTC, driven by DeFi TVL growth and "digital
Litecoin (LTC) appears poised for a breakout, as both analysts and blockchain data suggest the potential for a rally toward $112 and possibly higher. The coin has regained momentum above crucial technical thresholds, bolstered by increasing trading activity, accumulation by large investors, and a more optimistic outlook across the altcoin sector. Recent movements and structural signals indicate that
Chart analysis points to a bullish scenario for LTC. The asset has reclaimed its 50-day exponential moving average (EMA) at $101.45 and is currently hovering around $105.90,
On-chain indicators further support the optimistic outlook. According to Santiment, Litecoin's daily trading volume
Litecoin’s trajectory has also diverged from Bitcoin’s sideways movement. While BTC has remained in a narrow range, LTC has advanced 4.8% in November and gained 11.83% against
Nonetheless, certain risks persist.
Analyst price projections differ, but most focus on a short-term range of $106 to $120. Blockchain.News anticipates a 20% rise to $120 in the coming weeks, while others, including Gate.com, propose a more ambitious target of $201 by year-end
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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