Litecoin (LTC) is gaining attention in the crypto markets as it tests the crucial $147 resistance level, a price point that has historically acted as both support and resistance. The digital silver to itcoin">Bitcoin’s gold has shown a 22% price increase over the past month, outperforming many major altcoins. Technical indicators suggest growing buying pressure, with the Relative Strength Index (RSI) hovering near 60 – comfortably in bullish territory without being overbought.
Market analysts point to several factors supporting LTC’s potential breakout. The upcoming Litecoin halving in August 2025 is drawing investor interest, as previous halving events have typically preceded significant price rallies. On-chain data reveals increased accumulation by large holders, with addresses containing 10,000+ LTC growing by 7% this quarter. Additionally, Litecoin’s transaction volume has spiked 40% week-over-week, suggesting renewed network activity.
While the 147 level presents immediate resistance, adecisive break above could open the path to 180 – Litecoin’s 2024 high. However, traders remain cautious as the broader crypto market faces uncertainty. “LTC needs to hold above $135 support to maintain its bullish structure,” noted crypto analyst Markus Thielen. “A rejection at $147 could lead to a retest of $120 before another attempt.” The next 48 hours of price action will be critical in determining whether Litecoin can sustain its upward momentum.
