Litecoin has exceeded wedge area resistance, retaken the essential $115116 area and proven the bullish continuation after the retest.
Price sustains above moving averages, with $130–$135 as the next technical target if momentum holds.
24-hour LTC trading volume rises 33.70% to $1.20B, signalling increased market participation.
Litecoin (LTC) has confirmed a bullish continuation following its breakout from a falling wedge pattern and reclaim of the $115–$116 support zone. The move comes after a clean retest, with price momentum now targeting the $130–$135 range.
Tweet Signals Breakout and Retest Validation
In a recent market update, a crypto market signal source noted the breakout from the falling wedge and the reclaim of key horizontal resistance. The post emphasised that a bullish continuation was likely if the retest of these levels held — a scenario that has now unfolded.
https://twitter.com/alphacryptosign/status/1953687863004213562
The tweet also highlighted that Litecoin successfully completed the retest of both the wedge breakout point and the $115–$116 horizontal level. With the setup described as “clean” in its execution, the price has since advanced, validating the projected upward trajectory.
Breakout from Falling Wedge Signals Technical Strength
On the LTC/USDT 4-hour chart, now there is a resolute impulse in a structure of weeks- long consolidation in a declining wedge. This is the type of pattern that is defined by lowering highs and lowering lows and is usually followed by bullish reversals accompanied by an increase in market activity.
Price surged beyond the wedge’s upper boundary, aligning with the reclaim of the $115–$116 horizontal resistance. This level had previously capped multiple rally attempts, making the breakout a notable technical event. Moving averages — the 50-period SMA at $113.89 and 9-period EMA at $120.89 — have both turned upward, adding weight to the bullish case.
Volume Surge and Next Technical Targets
During the past 24 hours, the trading volume of Litecoin reached $1,202,946,917 and decreased by 33.70 percent compared to the previous day. The increase in activity lends credence to the belief that there is positioning on the part of market players to achieve additional gains.
In case the $115 -116 support remains intact, the next resistance area of LTC will be at around $ 128-$130. A movement into the above region could set the straight to the $130-135 area where some profit-taking might take place before any real rally.
