Litecoin and Avalanche Show Strong Price Recovery Potential – BitRss

Litecoin (LTC ($127.27)) and Avalanche (AVAX ($25.65)) have recently caught attention with robust price recoveries. Litecoin has fully compensated for its sharp losses from early February and is nearing its annual peak. Meanwhile, Avalanche appears to be at the end of a prolonged correction, potentially poised for a new upward movement. Technical analysis indicates a strong upward potential for both cryptocurrencies.

Can Litecoin Reach 170 Dollars?

Litecoin peaked at 147 dollars in December 2024 but began to decline, moving within a long-term downtrend channel. However, in February, LTC exceeded the mid-level of the channel and climbed to 140 dollars by February 19. Despite facing resistance at this level, the price seems likely to continue its upward trajectory.

Litecoin Price Analysis, Commentary

Technical indicators support the likelihood of Litecoin achieving a breakout. Daily charts show positive signals from the RSI and MACD indicators. According to Elliott Wave theory, Litecoin could stru…