#binance #hype #zec #near
08/07/25 09:30 UTC-04

Crypto analysts predict Litecoin could rise to $200

While most retail investors are focused on the top 20 cryptocurrencies, the 21st-largest asset by market cap — Litecoin (LTC) — is increasingly attracting institutional interest. The total Litecoin holdings of investment firm Grayscale recently surpassed $2.1 million.

Whale activity has also surged, despite overall market volatility. On July 5, large investors transferred 105.9 million LTC, setting a new daily record.

Meanwhile, data from Polymarket shows that the probability of a Litecoin ETF being approved by the U.S. Securities and Exchange Commission (SEC) by year-end has risen to 87%, fueling optimism about the coin’s institutional future.

At the time of writing, LTC was trading at around $86.47, down roughly 1.5% over the past 24 hours. Despite this short-term correction, crypto analysts remain optimistic about the asset's price trajectory. In fact, while most major altcoins have declined this year, Litecoin has gained over 35%. That’s why experts are now setting a target price of $200.

Technical indicators are less bullish. On the daily chart, LTC is trading near the middle Bollinger Band (20-day SMA) at around $85.29. The upper band near $89.85 acts as resistance, and a daily close above this level could push the cryptocurrency toward the psychological threshold of $100.

See also: "Bitcoin price today: holds near $109K amid tariff fallout concerns"

#Litecoin, LTC, analytics, predict

Editor: Yulia Krasnaya
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