Litecoin (LTC) Price Bullish: Is $500 ATH Possible Soon?

  • The altseason continues, with various altcoins reaching new all-time highs (ATHs).
  • Litecoin recently hit its ATH of $413. It may reach $500 if it continues its growth.
  • Meanwhile, Ethereum reached a new ATH of $4,000, while Bitcoin dominance is below 50%.

The alleged altseason continues to reflect its effect on the crypto market, as various altcoins remain dominant amid prolonged bull run. One of these is Litecoin (LTC), one of the oldest cryptocurrencies out of thousands that exist today.

In fact, LTC reached its all-time high (ATH) of $413 recently. Given its impressive performance, will LTC reach a new ATH of $500 soon?

LTC/USDT 1-day chart (source: TradingView)

As the chart above shows, LTC’s price graph has an ever-increasing candlesticks in terms of height. This shows that the popular altcoin is making massive opening and closing prices. In fact, the recent trades already surpassed the ceiling by a significant margin.

The 30-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA) are also way below the recent candlesticks. This signifies that Litecoin’s performance in the last few days are way above market expectations. Time will tell if LTC will reach a new ATH of $500 soon. With the looks of it, LTC just might hit the said target in a couple of weeks’ time.

Meanwhile, Ethereum also recorded another ATH at the $4,000 mark. At the same time, Bitcoin’s dominance continues to go below 50%.

Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.