The success of Bitcoin and Ethereum ETFs in 2024 has significantly increased the demand for other cryptocurrencies. Among them, XRP and Litecoin (LTC) are gaining traction, with strong possibilities of ETF approvals later this year. As a result, the LTC price has surged significantly in recent days, attracting substantial trading volume. With growing momentum and increased market optimism, a potential breakout could pave the way for LTC to reach the crucial $200 resistance level.

Following Trump’s inauguration, the crypto space has become more hopeful with clearer regulations. Additionally, the U.S. Securities and Exchange Commission (SEC) has recently changed its stance on cryptocurrencies, which has been considered a major bullish signal. The SEC’s recent acknowledgment of LTC ETF filings has further strengthened trader confidence, with approval odds exceeding 90%. As a result, LTC’s price rally has reached a pivotal zone, fueling optimism among investors.

Litecoin (LTC) Price Analysis

The LTC price has surged above an important resistance at $126, which has cleared the path for a bullish continuation towards the higher targets. However, a major breakout is yet to occur that could squash the probability of a rejection. 

As seen in the above chart, the LTC price is constantly testing the resistance of the decisive symmetrical triangle, which has intensified since the start of the month. Therefore, a breakout appears to be imminent anytime in the next few days, while the probability of a sustained upswing currently remains uncertain. Although the volume has been above the average range, the technicals suggest less confidence among the market participants. 

The Chaikin Money Flow (CMF), which measures the money flow in and out of the asset, has been stuck around the average range of ‘0’ since the start of 2025. This suggests there is no huge inflow of money into the platform, hinting towards less confidence among the traders. Besides, the ADX has reached close to the lower threshold, suggesting a massive drop in the rally’s strength while the DMI levels show signs of a potential bearish crossover. 

Hence, a breakout above the triangle may only occur with a massive rise in the buying volume; else, the Litecoin (LTC) price may remain consolidated within the pattern until the market dynamics do not shift in favour of the bulls.