Litecoin (LTC) in accumulation phase: Breakout could push price to $90

Litecoin (LTC), often described as the silver to Bitcoin’s gold, takes center stage in this analysis. The focus is on the LTC price forecast for the coming period, supported by insights from our premium environment.

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Technical analysis of Litecoin (LTC) price

Litecoin seems to be preparing for an interesting move. Crypto Insiders analysts shared the following findings with Premium members last week:

“LTC has been going through a period of sideways price action. This suggests that the coin currently has little strength. However, this phase could also indicate a significant accumulation phase, possibly driven by large whales.

We remain confident in LTC’s fundamental performance. Technical indicators also suggest that LTC is still in good shape as long as current support levels are not broken. We expect the price to break out of the current range between $64 and $72 at any time, in part due to accumulation.

Once a breakout occurs, we expect targets around $90, possibly even higher. Little has changed so far and we continue to wait for further developments.”

Date of analysis: February 23rd. Link to trading view:

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