Can Litecoin Achieve a 100% Surge? Technical Insights Explained

• The Litecoin (LTC) bull run is expected to achieve over 100% growth in the coming weeks.
• Historical trends and potential developments of ETFs indicate significant upside potential for Litecoin during the current bullish phase.

According to an analysis by prominent cryptocurrency analyst Alan Santana on TradingView, Litecoin (LTC) is poised for a strong bullish wave. Santana stresses that the current recovery, which began in late November and bottomed out in August 2024, is still in place.

Over the course of two weeks, this wave recently saw a 40% decline resulting in the important 0.618 Fibonacci retracement level. Santana says this pullback indicates that a corrective bottom has already been set.

Short-term challenges and long-term optimism for Litecoin

Santana also points out that although Litecoin has finished four consecutive green trading days, the market is volatile in the short term. He mentions a number of possibilities. ltc It may continue to rise or experience a small rise followed by another decline, perhaps resulting in a higher low.

Alternatively, the market can trade sideways for a few days before regaining its increasing trend. “Litecoin is going up,” says Santana, despite these unknowns, and he is optimistic.

With potential price targets in the near and medium term, Santana’s chart analysis shows that LTC could see a significant increase in the next few weeks. Historical patterns among long-term Litecoin holders support the analyst’s bullish view; These trends, according to Knfare currently being displayed and suggest a potential upside.

reflects a 5.57% With an increase over the last 24 hours, LTC is being exchanged for approx $111.78 As of writing. Its market capitalization has risen to more than $8 billion, thanks in large part to this pricing behavior. especially, Highlights of CNF Increased enthusiasm about the prospect of a Litecoin ETF, which should further improve investor sentiment.

Due to fewer regulatory challenges, industry sources expect the Litecoin and Hedera ETFs to be approved sooner than those for Solana and XRP.

However, he is still unsure about the market demand for Litecoin and Hedera ETFs. The XRP and Solana ETFs have multiple deposits; Interest in Litecoin and Hedera ETFs appears to be low.

However, the excitement around these events is already starting to impact market sentiment, and Litecoin, which is aiming to reach the $200 level in its current bullish wave, is helping shape sentiment.

Santana came to the conclusion that the time period for the next noticeable increase in Litecoin is somewhat variable, spanning from 3 to 33 days.

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