Litecoin Soars Above $133: 3 Key Factors Driving LTC Toward $170

Litecoin (LTC) is up above $133 on Wednesday after breaking out of an ascending parallel channel. This is often a precursor...

Written by: Arslan Butt • Wednesday, August 13, 2025 • 1 min read

• Last updated: Wednesday, August 13, 2025

Quick overview

Litecoin (LTC) has surged above $133 after breaking out of an ascending parallel channel, indicating potential for further price increases towards $170.
Open Interest for Litecoin futures has reached a record $1.27 billion, reflecting increased investor confidence and market activity.
Technical indicators show bullish momentum, with a daily RSI at 70 and a MACD bullish cross, supporting the upward trend.
If a correction occurs, LTC may find support at $125, providing a potential entry point for cautious traders.

Litecoin (LTC) is up above $133 on Wednesday after breaking out of an ascending parallel channel. This is often a precursor to accelerated price action so LTC could go to $170. Traders are watching technicals and market activity for confirmation.

Record Open Interest Fuels Momentum

Open Interest (OI) for Litecoin futures has hit a record $1.27 billion according to CoinGlass. From $832 million in early August, this is new capital entering the market and more traders. Rising OI means more investors are confident and provides fuel for more upside. Key points:

Futures OI at $1.27 billion
Long/short ratio at 1.08
Bullish bets at highest in a month

This is coinciding with a steady increase in LTC’s hashrate, showing growing network security and mining capacity. This is more investor confidence and supports the bullish thesis.

Litecoin (LTC/USD) Technicals Show Upside

From a technical standpoint, the breakout above the channel is big. Traders often project a target by measuring the height of the channel from the breakout point, so LTC is near $170. Resistance at $147.06, the high on December 5 where profit taking could slow the move.

Litecoin Price Chart - Source: Tradingview — Litecoin Price Chart – Source: Tradingview

Key points:

Daily RSI at 70, getting overbought
MACD bullish cross on August 5
Green bars on the histogram are supporting the move

If a correction happens, LTC could find support at the upper channel boundary at $125, a good entry point for cautious traders. Overall market sentiment, OI and technicals are looking strong so LTC is set to go to $170 in the near term.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.