Litecoin price jumped to $92.87 following Bitcoin’s rally above $113,000, with on-chain data revealing an 88% correlation between the two cryptocurrencies over the past month.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
2 mins read
Litecoin LTC $94.78 24h volatility: 4.4% Market cap: $7.21 B Vol. 24h: $611.95 M price surged to $92.87 on Thursday as Bitcoin rallied to new all-time highs above $113,000. The move follows US President Donald Trump’s latest posts on Truth Social calling for Fed rate cuts. On-chain data shows that Litecoin’s rise to a 40-day peak could be directly linked to the BTC milestone breakout.
According to IntoTheBlock’s 30-day rolling correlation data, Litecoin now holds the highest price correlation ratio to Bitcoin BTC $115 951 24h volatility: 4.2% Market cap: $2.31 T Vol. 24h: $56.12 B among major altcoins at 0.88. In comparison, Chainlink LINK $15.24 24h volatility: 6.9% Market cap: $10.33 B Vol. 24h: $587.51 M holds a 0.78 coefficient, and Ethereum ETH $2 949 24h volatility: 6.5% Market cap: $356.59 B Vol. 24h: $39.25 B sits at 0.72 to make up the top three.
Litecoin price correlation to Bitcoin (BTC) | Source: IntoTheBlock
This indicates that Litecoin has mirrored 88% of Bitcoin’s price movements over the last month. If BTC price extends its rally toward $120,000, this would theoretically place LTC price around $100, provided the correlation ratio and sentiment remains intact.
From a technical perspective, Litecoin price is nearing a key resistance cluster around $93.50, where the 150-day simple moving average (SMA) sits. A successful breakout above this level could open the door toward the psychological $100 barrier.
As seen below, LTC price closed three consecutive green candles, posting a 9.36% gain over the last 72 hours. The MACD indicator flipped bullish with the MACD line crossing above both the signal and baseline.
LTC price forecast | Source: TradingView
More so, daily volume reached 1.38 million LTC, confirming strong momentum behind the breakout. However, failure to break the 150-SMA could lead to a brief pullback.
The 50-SMA at $88.15 and 100-SMA at $87.14 offer layered support for short-term buyers. If Bitcoin consolidates below $113,000, Litecoin could attract buyers, potentially driving prices towards the $100 psychological target, aligning with LTC’s highs from April 2025.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
