Litecoin (LTC) is showing a positive price trajectory as buying interest strengthens. Over the last 24 hours, LTC has risen by nearly 3.36%. Weekly, the asset hasLitecoin (LTC) is showing a positive price trajectory as buying interest strengthens. Over the last 24 hours, LTC has risen by nearly 3.36%. Weekly, the asset has

Litecoin (LTC) Gains Momentum: Technical Signals Point to a $120 Upside Target

Litecoin (LTC) is showing a positive price trajectory as buying interest strengthens. Over the last 24 hours, LTC has risen by nearly 3.36%. Weekly, the asset has gained around 3.65%, reflecting steady upside momentum and healthier market sentiment rather than short-term speculative price action at current levels.

At the time of writing, LTC is trading at $80.09. The 24-hour trading volume stands at approximately $304.75 million, up 12.02%. Market capitalization is around $6.14 billion, marking a 3.32% increase, which signals improving liquidity and sustained participation across the broader crypto market.

Source: CoinMarketCap

Also Read: Litecoin(LTC) Bulls Challenge Fear: Jan 17 Eyes 14% Surge

Price Action Reflects Cautious Stability

LTC on the 2-day chart remains in a clear bearish structure. Price has printed consistent lower highs and lower lows since the October peak near $120. The SMA ribbon (20/50/80/100) is fully above price and sloping down, confirming trend weakness. Current action reflects stabilization, not reversal, within a broader downtrend.

Price has just bounced from the lower Bollinger Bands at $73-$75, suggesting mean reversion. Volatility has been decreasing because candle sizes are decreasing, implying lower selling momentum. Nonetheless, price is still below the midpoint and moving averages, suggesting that this bounce lacks momentum. This suggests that it could be consolidating or experiencing a corrective rally.

Source: TradingView

Major support sits at $73-$75, and there is potential downside risk below this level. The first barrier is at $80-$82, and a stronger barrier is a move below $86-$87 (50-day SMA). Strong support is also between $91-$100, and there is a strong supply above. There is a macro-level target at $104-$120 if the trend changes.

Momentum Near Neutral Signals Market Balance

The RSI (14) is currently around the 44 area, which is below 50. This indicates a bearish momentum. On the other hand, the RSI is currently recovering from the recent low points at around mid-30s, suggesting a possible easing of selling momentum. The RSI is currently at a neutral area, but it is likely to switch to a possible buying momentum if buying power continues to build up.

Source: TradingView

The MACD remains in the negative region, and this indicates a continuation of the overall bearish trend. The histogram has turned slightly positive, and the MACD is approaching the signal line. This indicates a weakening in the bearish trend and an early sign of a potential bullish reversal.

Also Read: Litecoin Price Surge Ahead? LTC Poised for $96.78 Breakout

Market Opportunity
Litecoin Logo
Litecoin Price(LTC)
$82.51
$82.51$82.51
+2.45%
USD
Litecoin (LTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

From Tiny Moves to Massive Gains: 8 High ROI Tokens in 2025 Set to Skyrocket

From Tiny Moves to Massive Gains: 8 High ROI Tokens in 2025 Set to Skyrocket

MoonBull leads 2025’s high ROI tokens with whitelist access, 1000x potential, staking rewards, and exclusive bonuses, alongside DOGE, SHIB, PEPE, NOT, ANDY, and TUT.
Share
Blockchainreporter2025/09/20 05:15
Why Is Shiba Inu (SHIB) Price Pumping Today?

Why Is Shiba Inu (SHIB) Price Pumping Today?

Shiba Inu is back in focus after a sharp move higher that surprised a lot of traders. After days of going nowhere, SHIB suddenly caught a bid, with volume picking
Share
Coinstats2026/01/03 06:30
Powell says young Americans face toughest job market in years

Powell says young Americans face toughest job market in years

Youth unemployment in the United States has climbed sharply in 2025. Economists and policy officials describe the pattern as a “no hire, no fire” phase, where companies mainly hold on to current staff, add few positions, and seldom cut jobs, rather than a sudden shock from artificial intelligence. Federal Reserve Chair Jerome Powell gave that view public weight at his regular press conference after the Federal Open Market Committee meeting. He called it an “interesting labor market,” noting that “kids coming out of college and younger people, minorities, are having a hard time finding jobs.” He pointed to a low job-finding rate paired with a low redundancy rate, “you’ve got a low firing, low hiring environment”, which makes it tougher than usual for first-time jobseekers to get in the door. Deutsche Bank has dubbed recent months “the summer AI turned ugly,” and some studies link AI uptake to pressure on entry-level hiring. Powell, however, said AI “may be part of the story,” while arguing the main drivers are a cooler economy and tighter hiring plans. Economists at Goldman Sachs and UBS soon echoed that reading, concluding that this is not primarily an AI event, at least not yet. On Friday, UBS chief economist Paul Donovan released an analysis titled “The Kids Are Alright?”  As reported by Fortune, he argued that the U.S. spike in youth unemployment runs counter to trends abroad and cannot be laid solely at the feet of automation. Decline in job reallocation slows opportunities Goldman Sachs economist Pierfrancesco Mei wrote on Thursday that “finding a job takes longer in a low-turnover labor market.” He examined “job reallocation”, the creation and destruction of roles, and showed it has fallen since the late 1990s, though more gradually in recent years. Today, most movement is “churn,” or switching among existing jobs. Goldman reported that in 2025 churn sits well below its pre-pandemic pace across industries and states, and the drag “mostly fall[s] on younger workers.” In 2019, a young unemployed person in a low-churn state typically landed work in about 10 weeks; now it takes about 12 weeks on average. Donovan writes that “it might be tempting to blame technology,” since stories of machines replacing people are common. He concludes, in line with Goldman, that the U.S. pattern “more convincingly fits a broader hiring freeze narrative, affecting new entrants to the workforce.” Trade careers offer a safer path Donovan also argues this helps explain why less-educated young workers seem less exposed. Many high school dropouts secure full-time roles earlier, and a number likely did so before the 2025 slowdown set in. With college enrollment trending lower over time, more young people are opting for skilled trades. Some build blue-collar businesses earning six-figure incomes, while classmates take on student-loan debt. Past experience shows the risks for new graduates during “no fire, no hire” periods. In the Great Recession, when hiring stalled across entire sectors, those finishing college between 2007 and 2011 faced too few entry-level openings. A Stanford briefing found they earned less than cohorts graduating in normal times, and the gap lingered for 10–15 years. That history raises the stakes for Gen Z and for minority job seekers now. Economists warn about “scarring effects”, lasting hits to pay, the ability to buy a home, and wealth building. Starting out in a slump often means lower wages and a tougher climb. Powell, speaking Wednesday, also pointed to other forces weighing on labor supply, including stricter immigration policies, and said minorities are having a harder time finding work in the 2025 freeze. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
Share
Coinstats2025/09/22 05:00