Litecoin's Path Beyond $200 Revealed · Daily Timeframe

We looked at Litecoin on the weekly timeframe which is the long-term picture, but we also need to consider the daily to see what is happening up-close.

As soon as we open this chart we have three signals that stand out:

1) Litecoin is now trading above MA200 safely and rising. This is a very strong bullish development and supports additional growth.

2) Trading volume has been rising significantly being now the highest since February 2025. The difference is that in February we were in distribution, resistance being confirmed with prices set to move lower. In this case, the action is rising from support and volume is rising rather than dropping.

3) May's peak has been broken. Many pairs are still trading below their high in May. Those that broke this level are the ones moving first and this signal exudes strength. Litecoin is now one of the top performers specially in the group with a big market capitalization.

The next barrier is the December 2024 high at $147. Short-term the next target is $129. As soon as the former breaks, we are going to be looking at the highest price since 2021.

Litecoin is fighting resistance today, 0.618 Fib. extension at $115. It is trading above this level but the confirmation only happens at the daily close. If it closes above, bullish confirmed. It if closes below, it means that there will need to be some struggling before higher prices. This struggling can last a few days just as it can extend. Seeing Ethereum and how it is moving straight up, Litecoin is likely to do the same.

Overall, conditions are good for Litecoin on the daily timeframe.

Thank you for reading.

Namaste.