Litecoin $LTC has regained investor interest after weeks of quiet trading, as the currency broke the flag pattern that had limited its movements since early August, surpassing the $112 level.

This rise has led to renewed optimism among traders, with LTC growing by about 15% over the past week. Analysts are now watching to see if the current momentum will push it to test the resistance level at $135.

The rise in the price of Litecoin reflects previous patterns.

The recent rise in the price of Litecoin LTC reflects previous patterns, as the currency remained within tight ranges for several months before experiencing sharp upward movements. Data indicates that the Sharpe Ratio for LTC has risen to 2.3, indicating strong returns compared to volatility.

It is worth noting that the breakout price of $LTC at the level of $112 reflects both technical and market strength, as this rise also supports derivatives activity, with open interest in Litecoin futures rising to $703 million.

Supporting derivatives and futures.

The derivatives markets encourage optimism about LTC, as open interest in Litecoin futures has increased by about $100 million over the past 24 hours, indicating new positions entering the market.

Although this development often supports the continuation of the upward movement, it also increases leverage, making price fluctuations more severe. Traders consider the breakout price of Litecoin as a signal to build larger buy positions.

Analysts' forecasts and price targets.

The famous analyst Javon Marks indicated that the formation of Litecoin resembles previous highs. He set a potential long-term target at $354, with a higher expectation that could reach $842, if momentum continues according to past patterns.

Analyst Captain Faibik provided insight into the weekly chart, pointing to a symmetrical triangle narrowing since 2018. He explained that a confirmed breakout could push LTC towards $648. Both analysts confirm that the current breakout price of Litecoin could be the beginning of a much larger upward wave.

In conclusion, it can be said that surpassing the price of Litecoin $LTC the level of $112 has revived activity in the market and renewed investor interest. With increasing participation in futures, the strength of the network continues to develop, as analysts set high expectations.

However, traders must exercise caution, as market momentum can fluctuate rapidly due to volatility and leverage. Currently, the breakout represents a significant achievement for Litecoin in its current cycle, with upcoming tests at levels of $135 and $140.

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