• Litecoin (LTC) may be primed for a gradual rally if it holds above the $100-$110 price range.
• Analyst Ali predicts Litecoin could reach $115 or $120 if it sustains momentum above $108.
• Litecoin’s steady price performance and institutional interest make it an appealing long-term investment.

Over the last 3.5 years, Litecoin (LTC) has been trading in a very narrow price range. It has already been in the market but has gained attention in the recent past. A rising discussion of altcoin treasuries and the preference of some organizations for aging and well-distributed coins may put Litecoin in the sleeper candidate category of a potential rally.

Daan Crypto Trades also highlighted that the chart of Litecoin is already becoming interesting. The coin has been trapped in a trading range, and there is the potential for a breakout in the near future.

Litecoin’s Path to Rally

The connection point between the potential rally and LTC lies in the capacity of LTC to support the range of prices of $100-$110. Provided such a level is strong enough, it may prepare the ground for a bigger move to the upside.

Also Read: Litecoin Price Prediction for 2025: Will It Smash Its $412 All-Time High?

The recent performance of Litecoin is an indication that it is not positioned to jump up within a short period. It will do so more gradually, by increments instead. Such moves are usually unnoticeable to the extent of the coin sliding very high, as it happened in previous circles. 

The consistent gains can result in a breakout above its present cycle high of approximately 150, followed by a confirmation of the beginning of a larger rally. Such price behavior may yield consistent returns to long-term investors over a period of time, although this may not generate immediate interest.

LTC Path to $120: Key Levels to Watch

Analyst Ali also considers that the price of LTC has the potential to rise. In case LTC can sustain itself above the level of $108, it may gain enough impetus to go to as high as $115 or perhaps even beyond $120. Such a rebound would be a bullish indicator that aerosol will be strong in the market and that LTC would be on the edge of a rally.

Even though Litecoin is not the most exciting altcoin on the market, it can be argued that its steady prices and the fact that it is a long-established coin are what make it quite appealing. In the recent market situation, many investors are considering older, more dispersed coins as safer places to invest in.

The traders must be attentive to the price activity on Litecoin at least in the interval of $100-$110. If this support level holds and LTC manages to break through its cycle high of $150, it may become the mark of the beginning of a more persistent rally. Currently, LTC is trading at $108.33, down by 1.08% over the past day

LTC may not be characterized by outstanding surges in price, but it also has a chance to develop steadily. If these trends persist, LTC may have a way of reaching a gentrified but significant rally, and so is one worth keeping an eye on in months to come.

Also Read: Litecoin Breakout Imminent? Bullish Signals Point to $200 and Beyond