Litecoin price jumped more than 12% to break above $120. Gains came amid a broader crypto market bounce that also saw Bitcoin and Ethereum hit highs of $118,500 and $4,300. ETF speculation, treasury strategy bets and overall macroeconomic conditions suggests LTC price could see a new all-time high in this bullish cycle.

Litecoin (LTC) price has retested the $120 mark amid a broader cryptocurrency market bounce.

As Bitcoin and Ethereum led the significant charge with gains of 5%, LTC saw a more than 12% spike to hit intraday highs of $121.

With sentiment increasingly optimistic amid a landscape likely to offer key tailwinds, Litecoin could be looking at a rally to highs last seen in 2021.

Litecoin’s rebound in the past 24 hours and past week aligns with the broader market’s uptick.

On Thursday, as macro factors helped BTC jump above $118,500, LTC saw its own upward flip. BTC price is eyeing the $120,000 mark.

Having broken from lows of $104 on Sept. 30, the altcoin continued higher to extend gains above $110. This saw bulls race to the crucial level of $120, an area likely to offer resistance as bears eye strengthening.

But the double-digit gain of over 12% in 24 hours, accompanied by trading volume spiking to over $1.3 billion, signals bullish strength.

The cryptocurrency community is buzzing amid calls for “Uptober”, a moniker referencing the cryptocurrency market’s historically bullish October periods.

As LTC targets fresh momentum, bolstered by a broader market cap recovery to $4 trillion, analysts project new multi year highs contingent on key catalysts like ETF approvals and macroeconomic shifts.

Filings for Litecoin spot ETFs from Grayscale, Canary Capital, and CoinShares are awaiting a green light from the SEC. Treasury plays like MEI Pharma are also adding to optimism.

On the technical front, LTC is pointing to a potential symmetrical triangle pattern breakout.

The upper boundary provided notable resistance earlier in the year, and bulls are looking to accumulate near this hurdle.

Successful bounce past this mark highlights a potential explosion to a new all-time high for LTC. Buyers could even set sights on $700-$1.000 in the current bullish cycle. Crypto analyst Captain Faibik shared a similar outlook on X.

$LTC #Litecoin will join the party soon, Accumulate it before it's too late..✍️ pic.twitter.com/gc0VtMoKDE

— Captain Faibik 🐺 (@CryptoFaibik) October 2, 2025

This retest at $120 thus serves as a litmus test for whether the current bounce is a fleeting rally or the onset of a sustained uptrend.

If the threshold holds, particularly amid overall market upside, the Litecoin price could eye the first target of $200 in the coming weeks.

The post Litecoin price surges 12% to $120 amid crypto market rally; check forecast appeared first on CoinJournal.

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