The cryptocurrency market is no stranger to massive gains, with numerous digital currencies experiencing skyrocketing increases. Despite a recent downturn in altcoins, the inherent “high risk, high reward” nature of cryptocurrency remains unchanged. A prominent analyst has projected that Litecoin (LTC) could reach $650 by the end of the year, capturing the attention of the crypto community.
Litecoin (LTC) 2025 Target
Experts at Bloomberg predict a strong 90% probability of an LTC ETF approval by year-end. As one of the most established cryptocurrencies, Litecoin has maintained its position among the top digital assets. With ETF applications in motion, an infrastructure conducive to significant growth is anticipated, potentially leading to a price surge as the year concludes.
A respected analyst, CryptoBullet, highlighted a colossal triangular pattern taking shape over seven years, suggesting an imminent historic breakout. Drawing parallels to similar formations seen in late 2024, the analyst foresees Litecoin reaching peak prices before the year ends, captivating investors with this optimistic outlook.
Altcoins Price Forecast
Although altcoins are still anticipated to see price hikes, cryptocurrencies have yet to enter a stable uptrend phase. With Bitcoin 
$106,943 stalling at $97,000, investors remain wary about whether the cycle’s peak has been reached, resulting in reduced demand for altcoins.
Prominent cryptocurrency trader, Scott Melker, shared a speculative graph for Bitcoin, drawing comparisons to its previous highs and lows.
“In 2021, Bitcoin hit $64,000 in April, fell below $30,000, and shot back up to a new all-time high in November. Should Bitcoin repeat this 4-year cycle this summer, we could revisit $49,000 at the monthly 50-MA. I doubt this will happen, but it’s interesting to share and observe your reactions.”
Analyst Poppe remains hopeful, suggesting that altcoins are in an accumulation phase with potential for a robust upward movement soon.
Melker’s technical analysis indicates significant risk, with a potential trigger being a global recession. Ongoing negotiations for tariff settlements are crucial; if they fail, this scenario becomes plausible. In an environment where the Fed raises interest rates amidst a global recession, cryptocurrencies might face challenging times.
