Litecoin Surges: Hidden Bullish Signals Hint at $175 Target

Like most other established altcoins, Litecoin has recently seen significant price gains. However, unlike the heavyweight contenders Bitcoin and Ethereum, LTC is still far from its all-time highs reached in 2021. Whether Litecoin will ever revisit these highs remains uncertain. Nevertheless, there is currently a clear and pronounced hidden bullish divergence visible in the CumulativeVolumeDelta on the weekly chart. Additionally, from the perspective of the Elliott Wave Theory, LTC has formed waves 1 and 2 and appears to be initiating wave 3. Based on the resulting Fibonacci ratios and the hidden bullish divergence, we derive a price target of around $175 for Litecoin.