Litecoin's price has been steadily rising, crossing an important resistance level at $117.30 and reaching its highest swing since December 18. This increase is attributed to positive US consumer inflation data, indicating low inflation and a weaker US dollar. Additionally, news that the SEC may make favorable changes in the crypto industry, including potential altcoin ETF approvals, has further boosted Litecoin's prospects. Analysts believe that Litecoin could rise by around 22% from its current level, with a target resistance at $146.97. However, a drop below the key support level at $100 would invalidate this bullish view.



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