Litecoin (LTC) Surges to 40-Day High as Bitcoin Rally Sparks Push Toward $100

Sean Williams
Litecoin (LTC)

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Key Takeaways

  • Litecoin hit $92.87, a 40-day high, after Bitcoin’s breakout above $113K.
  • LTC shows an 88% correlation to BTC, the highest among major altcoins.
  • Technical indicators are bullish, with $100 in reach if resistance at $93.50 breaks.

IntoTheBlock’s latest 30-day rolling correlation data shows Litecoin has the strongest price relationship to Bitcoin at a coefficient of 0.88. This means LTC has mirrored 88% of BTC’s price movements over the past month—more than Chainlink (0.78) and Ethereum (0.72).

Such a high correlation ratio places Litecoin in a prime position to benefit from Bitcoin’s momentum. If BTC pushes toward the next psychological barrier at $120,000, LTC could reasonably be expected to test the $100 level, assuming market sentiment and trend alignment remain strong.

Key Resistance at $93.50 May Determine LTC’s Next Move

Litecoin is now trading just below a crucial resistance level at $93.50, aligning with the 150-day simple moving average (SMA). A decisive breakout above this threshold could open the path toward the long-standing $100 psychological barrier.

Momentum indicators support the bullish case. Litecoin has posted three consecutive daily gains, totaling a 9.36% increase in 72 hours. The MACD indicator has also flipped bullish, with its line crossing above both the signal and baseline—typically a strong buy signal in technical analysis.

Litecoin Price Chart - TradingView
LTC price forecast | Source: TradingView

Bullish Volume and Support Levels Underpin Optimism

Daily trading volume has surged to 1.38 million LTC, reinforcing strong market participation in the recent rally. Should Litecoin face rejection at the $93.50 resistance, short-term support is well established at the 50-SMA ($88.15) and 100-SMA ($87.14).

Even if Bitcoin consolidates below $113,000, this support zone could attract dip buyers looking to position ahead of another leg up. Given April’s highs also hovered around $100, many traders are eyeing this level as the next significant milestone.

Also Read: Litecoin Whale Activity Hits Record High as ETF Approval Odds Climb to 87%

Can Litecoin Break $100?

Litecoin’s rally is a clear reflection of Bitcoin’s current dominance—and with a near-perfect correlation, LTC is poised to ride BTC’s coattails toward $100 if macro and technical trends continue to align.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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