Using trend-based Fibonacci levels, the immediate bullish price targets for Litecoin are the $150 psychological mark and $165.18 resistance level. Beyond this, if the broader market recovery continues, the price could target the 1.618 Fibonacci level at $208.

Litecoin ($LTC) soars to $118, fueled by speculation around a potential spot ETF approval. Explore the factors driving this price rally.

Litecoin price punched above the $130 mark on Thursday, extending its weekly time frame gains to a remarkable 37.5%. On-chain data trends reveal whales actively accumulating LTC as Bloomberg analysts ramp up speculation on LTC ETF approval.

Litecoin price held steady and crossed the important resistance level at $117.30, its highest swing on January 6. It has soared to its highest swing since December 18, and about 140% from its lowest level in 2024.