Key Notes
- Litecoin demonstrates the highest Bitcoin correlation among major altcoins at 0.88, surpassing Ethereum and Chainlink ratios.
- LTC approaches critical $93.50 resistance where the 150-day moving average creates a key technical barrier for further gains.
- Technical indicators show bullish momentum with three consecutive green candles and 9.36% gains over 72 hours.
Litecoin LTC $94.78 24h volatility: 4.4% Market cap: $7.21 B Vol. 24h: $611.95 M price surged to $92.87 on Thursday as Bitcoin rallied to new all-time highs above $113,000. The move follows US President Donald Trump’s latest posts on Truth Social calling for Fed rate cuts. On-chain data shows that Litecoin’s rise to a 40-day peak could be directly linked to the BTC milestone breakout .
According to IntoTheBlock’s 30-day rolling correlation data, Litecoin now holds the highest price correlation ratio to Bitcoin BTC $115 951 24h volatility: 4.2% Market cap: $2.31 T Vol. 24h: $56.12 B among major altcoins at 0.88. In comparison, Chainlink LINK $15.24 24h volatility: 6.9% Market cap: $10.33 B Vol. 24h: $587.51 M holds a 0.78 coefficient, and Ethereum ETH $2 949 24h volatility: 6.5% Market cap: $356.59 B Vol. 24h: $39.25 B sits at 0.72 to make up the top three.
Litecoin price correlation to Bitcoin (BTC) | Source: IntoTheBlock
This indicates that Litecoin has mirrored 88% of Bitcoin’s price movements over the last month. If BTC price extends its rally toward $120,000, this would theoretically place LTC price around $100, provided the correlation ratio and sentiment remains intact.
LTC Eyes $100 Target as Price Tests Key $93.50 Resistance
From a technical perspective, Litecoin price is nearing a key resistance cluster around $93.50, where the 150-day simple moving average (SMA) sits. A successful breakout above this level could open the door toward the psychological $100 barrier.
As seen below, LTC price closed three consecutive green candles, posting a 9.36% gain over the last 72 hours. The MACD indicator flipped bullish with the MACD line crossing above both the signal and baseline.
LTC price forecast | Source: TradingView
More so, daily volume reached 1.38 million LTC, confirming strong momentum behind the breakout. However, failure to break the 150-SMA could lead to a brief pullback.
The 50-SMA at $88.15 and 100-SMA at $87.14 offer layered support for short-term buyers. If Bitcoin consolidates below $113,000, Litecoin could attract buyers, potentially driving prices towards the $100 psychological target, aligning with LTC’s highs from April 2025.
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