Categories: MarketsMenafn

Can Litecoin Hit $80 After Overcoming Key Resistance?

Litecoin (LTC) has demonstrated notable strength, securing a position as one of the market’s best-performing altcoins. 

Despite losing its dominance and dropping out of the top 10 cryptocurrencies due to the emergence of new contenders, Litecoin faced disappointment following its halving in August last year, failing to generate the anticipated bullish price growth.

Litecoin Trading Volume Spikes by $300M

With a more than 5% surge in the last 24 hours, reaching $71.21, the cryptocurrency has successfully recovered from recent losses, posting a 1.78% increase over the past month.

LTCUSD 1-Day Chart

Since August, Litecoin has struggled to surpass the $90 price mark, but recent developments indicate a positive shift. While the current outlook might not match previous highs, LTC has rebounded from its lowest point, reaching $58.8.

The successful flip of the $70 resistance zone and its conversion into support signals LTC traders’ determination to establish a new bullish momentum. The cryptocurrency is holding firm at this level, raising the possibility of an upswing towards the next significant resistance at $80.

Despite facing competition from newer protocols like Solana (SOL) and Avalanche (AVAX), Litecoin maintains its appeal as a viable alternative to Bitcoin (BTC) for value transfer.

The protocol is achieving new milestones, serving as a faster and more cost-effective payment method, contributing to a surge in active addresses. As the LTC halving occurred in Aug. 2023, the hash rate touched the bottom of 690T, before posing an all-time high hash rate of 935T.

Recent reports indicate a substantial increase in Litecoin’s trading volume, with an additional $300 million processed in the past 24 hours. The surge in volume is attributed to significant purchases from large accounts, commonly known as whales in the cryptocurrency community. 

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

BeCEXy Platform Moves From Beta to Full Launch, Uniting the Tap-To-Earn Ecosystem

After six months of successful beta testing, BeCEXy announces the full launch of its platform.…

16 hours ago

$IONIX Chain Leads Best Crypto Presale ICO in 2025 as ETH and BTC Rise

Dubai, UAE, 29th October 2025, ZEX PR WIRE, As traditional cryptocurrency giants like Bitcoin and…

17 hours ago

Zero Trade Limited l The #1 Forex Trading Platform for Brokers — Expands Global Offering with Integrated CRM and Business Formation Support in Dubai and UK

Dubai, UAE, 29th October 2025, ZEX PR WIRE, ZeroTrade Limited, a leading forex trading platform provider…

17 hours ago

Japan Launches Yen-Pegged Stablecoin Under New Regulations

Japan introduced its first yen-pegged stablecoin under domestic regulations on October 27, 2025, as startup…

3 days ago

Payments MCP: Coinbase links AI agents to crypto via x402

Coinbase has launched Payments MCP, a Model Context Protocol implementation that gives AI agents access…

6 days ago

Agrifi AGF Token Transforms DeFi with Real Farmland Utility and On-Chain Yields

Estonia, 22nd October 2025, ZEX PR WIRE, AgriFi, a blockchain-powered agricultural finance protocol, is redefining…

1 week ago