Litecoin price prediction shows that the LTC token is about to explode above $150 following Canary Capital’s announcement today that it would launch an exchange-traded fund (ETF) tracking Litecoin (LTC) to be the first of such funds in the United States.
According to an official statement, Issuer plans to launch the Canary Litecoin (LTCC) ETF on Nasdaq today following CERT approval with the U.S. Securities and Exchange Commission (SEC).
Canary Capital CEO Steven McClurg stated that the Litecoin ETF will follow Ethereum as the next altcoin-based ETF to become effective, which has brought strong projections that LTC could soar 50% to $150.
LTC Surges 9% As First U.S. Litecoin ETF Goes Live on Nasdaq
Currently trading at $102.04 at press time, LTC is up 9% in the last 7 days and has a market cap of around $7.8 billion, putting it in the top 20 cryptocurrencies.
Analysts have now revealed that LTC is showing strength on the weekly timeframe as the trend appears ready to flip upward, targeting $150 in the short term.
Data also shows that most Litecoin bulls (holders with at least 100 LTC) are still holding their tokens for at least 4 years without selling, with precisely over 67% of all Litecoin in existence residing in these types of addresses.
Litecoin price prediction: Ichimoku Breakout Points At $140- $300
The LTC/USDT weekly chart displays a clear bullish breakout from a long-term ascending trendline that has supported price action since early 2024.
After months of sideways movement between the $80-$120 range, the price has recently broken above a key resistance zone around $100-$103, suggesting renewed bullish momentum.
The Ichimoku cloud indicator shows that the price has decisively broken above the cloud, which is a strong bullish signal indicating a potential trend reversal.
The cloud ahead extends into December, providing a projected path that could take Litecoin toward the $140 level in the near term.
In the mid-term, the Litecoin price prediction suggests an ambitious target of approximately $300 by late 2025 or early 2026, representing a potential gain of over 100% from current levels.
However, traders should be cautious of a potential retest of the breakout zone near $100 before the rally continues.
The volume profile on the chart reveals that there was significant accumulation in the $60-$80 range during 2024, which often acts as strong support during pullbacks.
AI Content Creation platform SUBBD Hits $1.3M Presale Milestone
With Litecoin and other OG coins waking up to stage a typical Q4 rally, the DeFi and AI sectors have been seen leading market recovery, according to Wintermute’s latest market update.
Investors are looking at solid early-stage projects at the intersection of AI and crypto.
One with the hottest appeal right now is SUBBD, an AI agent creator platform that has already raised $1.3 million in its ongoing presale.
The platform connects over 2,000 influencers with a combined audience exceeding 250 million fans who pay for premium content subscriptions.
SUBBD generates revenue through these subscription fees, creating a sustainable business model.
The presale currently offers access to acquire the SUBBD tokens at $0.0568 with 20% fixed staking returns for early participants.
Investors can make purchases through the official SUBBD presale website using ETH, USDC, USDT, or BNB.
There’s also an option to buy the SUBBD token using USD, GBP, AUD, and NZD via credit/debit cards or e-wallets such as Neteller and Skrill.
The post Litecoin Price Prediction: Is the LTC Price About to Explode Above $150 as First LTC ETF Lists Today? appeared first on Cryptonews.
Credit: Source link
