Litecoin (LTC) Reclaims May 2022 Highs? 37% Rally Fuels Optimism

Amidst the FTX-induced chaos shaking the crypto market, Litecoin (LTC) is emerging as a surprising winner. Litecoin is currently headed towards the $125.41 resistance, and its recent performance sparks the question: can it reclaim its May 2022 highs? Litecoin has observed a sharp increase of over 19% in the past day, fueled by bullish sentiment and on-chain data suggesting a sustainable rally.

One key indicator supporting this optimism is Litecoin’s hashrate, which peaked at 2.24 PH/s, marking an all-time high (ATH). This show of steady growth since early 2025, accelerating in late 2025, demonstrates the network's strength and security. Historically, Litecoin’s price experienced a prolonged downtrend between 20, followed by a compelling rally in 2025, where prices peaked at $413.49. This historical context provides a hopeful precedent for the current surge.

If Litecoin can surpass the $125.41 resistance, it could target its December high of $147, representing a 38% rally from current levels. Rally through the $125.41 resistance could push LTC to $200 soon. However, achieving this goal will depend on continued network strength. The hashrate stability will be crucial.

While optimism is high, it's important to note that Litecoin’s rally versus Bitcoin has made the LTC/BTC pair overvalued, according to its weekly relative strength index (RSI) reading. Notably, LTC/BTC’s weekly RSI indicates potential for correction. Investors should therefore proceed with caution and consider potential pullbacks.

Despite the RSI concerns, the current 37% rally, fueled by strong network fundamentals and positive market sentiment, positions Litecoin as a cryptocurrency to watch. The cryptocurrency's outperformance perhaps stems from an impending positive event. Whether it can sustain its momentum and reach new heights remains to be seen, but the early signs are certainly promising.