Why Litecoin Price is Up Today: Key Factors Driving Its 14% Surge
The post Why Litecoin Price is Up Today: Key Factors Driving Its 14% Surge appeared first on Coinpedia Fintech News
The crypto markets reacted positively as the Fed held the interest steady. Many believed the markets may exhibit extreme volatility ahead of FOMC but the fresh rates offered a significant push to the BTC price and also the other altcoins. Meanwhile, Litecoin’s price seems to have been preparing for the breakout, as it triggered a strong rebound much before the FOMC and, amid the SEC’s review of the ETF application, surged by over 14%.
Why Litecoin Price is Up Today
Litecoin is considered one of the most undervalued tokens as it is the first crypto after Bitcoin, which is still working. In the times when the token appeared dead for many, the LTC price displayed a huge bullish move. The LTC price rally has been restricted below $100 through the year 2023 and 2024 and now that the price is consolidating above the range since the start of 2025, a new ATH seems to be imminent this year.
Factors Driving Litecoin’s Price Surge
The weekly chart of LTC price shows the price is preparing for the next bullish action as the levels have sustained above the 200-day MA. Moreover, the 50/200 day weekly MA is heading for a bullish crossover, known as Golden Cross, which may further push the price beyond the resistance at $205. Besides, the MACD, which was about to undergo a bearish crossover, quickly displayed a bullish divergence and revived bullish hopes.
Hence, the Litecoin price is believed to break above the prevailing consolidation and rise above the pivotal range of around $150. The rise in volume suggests a rise in the trader’s participation, which may eventually increase the volatility of the token. Therefore, the price, which has been within the top 20, is soon believed to enter the top 15 as the bulls are primed to elevate the levels beyond $300.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
