Litecoin Price Surges 13% as Bulls Eye $130 Resistance
Litecoin price has surged, breaking above $117 and marking a 13% weekly gain on the world market. This bullish movement has sparked optimism among investors, with several ETF filings awaiting approval. However, risks such as regulatory uncertainty and market volatility persist.
Litecoin's immediate resistance lies between $130 and $135. If it closes firmly above this range, higher levels are expected in the coming months. Analysts are comparing the current setup to the ascending triangle formation that preceded Litecoin's 2017 rally from $4 to $400.
Litecoin's fundamentals, including network usage and adoption metrics, have been steadily rising. This suggests the market may be undervaluing the cryptocurrency. The next halving event, expected in mid-2027, will cut block rewards for miners and limit new supply, historically associated with bullish cycles on the stock market.
Litecoin's breakout represents a potential shift in long-term market dynamics. However, risks such as regulatory uncertainty and market volatility remain. The SEC will make final decisions on crypto ETF applications, including Litecoin, in October 2025. Institutional investors are closely monitoring these developments on the stock market today.
