The daily chart of Litecoin (LTC) price showed a bullish structure in recent movements. The asset rebounded sharply from the $95.09 support, forming a double-bottom pattern around this level.
This pattern indicated a potential reversal, suggesting bullish momentum ahead. After the second bottom, LTC climbed above $110.17, confirming short-term resistance turned into support.
Litecoin Price Action Update
The consolidation near $110.17 points to accumulation, with traders likely preparing for a breakout. The price could target the $129.22 zone as the next significant resistance level.
The marked resistance zone between $129.22 and $132 reflects a key barrier for LTC to surpass. Breaking above this could lead LTC to surge into the $130–$150 range, indicating strong momentum.
If LTC maintains current support levels, further upward momentum is likely. However, the price’s movement depends on market conditions aligning favorably.
This setup highlights the potential for a strong rally in the coming week, with LTC poised for a sharp upward move toward $130 or beyond.
Litecoin Transactions Count
Litecoin reached a major milestone of 300 million transactions, showcasing the network’s growth over time. The chart highlighted a consistent upward trend in transactions from 209,737 in 2011 to 92,764,978 in 2024.
Notable percentage increases included 150.51% in 2012 and 293.61% in 2013. However, declines were observed in 2015 (-22.94%) and 2016 (-10.24%), reflecting short-term dips in activity.
Significant recovery began in 2017 with a 372.87% rise to 8,312,075 transactions, followed by steady growth in subsequent years.
The trendline demonstrated an overall positive trajectory despite fluctuations, confirming long-term resilience.
The year 2021 saw 144.19% increase to 42,722,593, marking a substantial surge. A slight drop in 2022 (-7.81%) led to 39,387,500 transactions, but recovery followed with a 69.99% rise to 66,956,397 in 2023.
Predictions suggested 2024 could maintain growth at 92,764,978 transactions. This sustained expansion demonstrated Litecoin’s decentralized network efficiency and highlighted its adoption potential despite market volatility. Litecoin price can benefit from these updates.
Litecoin ETF Approval Sees Positive Odds for 2025
The probability of Litecoin ETF approval in 2025, started with fluctuating optimism. On January 3, the probability stood near 0% before rapidly climbing to 49% by January 4.
This sharp increase reflected heightened market confidence in regulatory approval prospects. The chart then plateaued at 50% on January 5, signaling stabilized sentiment among speculators.
Despite the initial volatility, the overall trend suggested cautious optimism. A 1% drop to 49% indicated potential uncertainties about regulatory decisions.
However, the consistent rise throughout this period reinforced market anticipation that LTC ETF approval could materialize.
The data emphasized mixed but improving odds for a Litecoin ETF approval, with half the market participants expressing confidence by January 5.
This trend indicated growing belief in cryptocurrency mainstream acceptance, though uncertainties remained. While projections hinted at potential approval, regulatory outcomes would ultimately shape the ETF’s future.
Litecoin ETF approval hearings could drive significant market developments in 2025, reflecting cryptocurrency’s evolving role in financial systems. Nonetheless, for Litecoin price to rocket, it’ll need more than just strong technicals.
