Litecoin Price News: Can Altcoin Season Send LTC to $150?

Litecoin (LTC) has jumped by 7.4% in the past 24 hours and currently stands at $119 after bouncing strongly off a key support.

This Bitcoin hard fork has been experiencing a sustained increase in its hashrate throughout the year.

Thus far in 2025, the network’s daily petahashes have expanded by 54% to 2.28 Phash/s.

Litecoin’s Hash Rate Chart – Source: BitInfoCharts

Ethereum’s migration to proof-of-stake may have pushed miners to migrate to other networks, and Litecoin (LTC) stands as one of the best alternatives to Bitcoin (BTC) now that difficulty levels have increased significantly after the last halving.

Proof-of-work (PoW) blockchains require that miners solve complex mathematical puzzles to validate transactions. As a result, they are rewarded with the native asset of the corresponding network. In this case, LTC.

LTC has performed positively this year with a 16% gain. However, it has been outpaced by BTC as the latter’s annual gains stand at 28%.

Meanwhile, the market has been waiting for a while for a Litecoin spot exchange-traded fund (ETF), and the latest rule change from the U.S. Securities and Exchange Commission (SEC), which expedited the approval of these vehicles, could result in the launch of the first LTC vehicle shortly.

Litecoin Bounces Off $100 and Encounters Selling Pressure at $120

The latest price action shows a strong bounce off the $100 level, which is expected as this has been a key demand zone for the token multiple times in the past.

LTC/USD Daily Chart (Coinbase) – Source: TradingView

As a result, LTC climbed above the $110 level and broke its downtrend with strong volumes. This favors a bullish outlook that could lead to another push toward $130.

The Relative Strength Index (RSI) jumped above the 14-day moving average already, which is often interpreted as a buy signal, while it has also risen above the mid-line.

It appears that selling pressure has increased once LTC hit $120. The daily candle shows a big upper wick that could anticipate some bearish price action in the next few days unless buyers come along and push the price above this mark once and for all.

If we get a clean breakout above this level, the odds favor a much stronger push toward $150 at least in the near term.

Nonetheless, on-chain metrics favor a bullish outlook as the network’s hash rate continues to make new higher highs every week.

Altcoin Season Has Started – Here’s What That Means for LTC

Macroeconomic conditions are favorable for cryptos at the time, as the Federal Reserve could cut interest rates for a second time this month by another 25 basis points.

Lower rates prompt investors to look for yields in more exotic corners of the market – e.g. cryptocurrencies. Moreover, altcoin season has officially begun, meaning that tokens like Litecoin will be favored as BTC loses dominance against top tokens like Ethereum (ETH) and BNB Coin (BNB).

The latter two have already made new all-time highs. The last time that ETH got near $4,000, LTC climbed to nearly $135. This time, we are likely far from the top altcoin’s cycle peak. Hence, historical evidence suggests that we could see LTC rising to $150 if Ethereum keeps climbing.