$LTC is holding steady around the key support level at $55, with the outlook towards a potential upside target at $97. This momentum is supported by improving trading volumes, indicating growing interest from the market. If Bitcoin ($BTC) continues its strong uptrend, it will act as a major catalyst, fueling LTC’s momentum and facilitating a major breakout.
Watching Bitcoin dominance remains a strategic factor, as it not only impacts the entire market but also shapes LTC’s price trajectory. A correction at $BTC could slow or accelerate this journey, so investors should pay attention to broader market signals.
In a previous bull cycle, LTC recorded a significant gain of up to 120%, reinforcing confidence in its profitability in favorable market conditions.