Litecoinv

$LTC

Litecoin is showing strong bullish momentum, signaling the potential start of a new altcoin season as the broader crypto market gains upward traction. With an impressive 5.82% intraday surge, LTC is rapidly approaching a key resistance level, indicating that a breakout toward $165 could be on the horizon in the coming days.
LTC Price Action & Bullish Formation
On the daily chart, Litecoin has been consolidating within a defined range, with a strong resistance ceiling at $138 and firm psychological support around $100. Currently trading at $137, LTC has posted its second consecutive bullish candle, reinforcing its breakout potential. Yesterday’s 6.01% gain, followed by a near-equal intraday rally, has propelled LTC by 12% in just two days, making a challenge of the overhead resistance highly probable.
$BTC

A significant technical factor adding weight to the bullish outlook is the inverted head and shoulders pattern, with $138 acting as the neckline. A decisive breakout above this level could trigger a new uptrend. Additionally, the MACD indicator is flashing positive signals, with rising green histograms and a bullish crossover, further strengthening the case for continued upside movement.
Future Price Projections & Key Levels
If Litecoin successfully breaches the $138 resistance zone, Fibonacci projections suggest the next major target at $150, followed by $165 as bullish momentum builds. Looking at the broader trend, the 1.618 Fibonacci extension at $208 emerges as a long-term upside target, underlining Litecoin’s significant growth potential.
With strong technical indicators and growing market optimism, Litecoin is well-positioned for an extended bullish run. Traders and investors should watch for a confirmed breakout above $138, as it could mark the beginning of a fresh rally with substantial upside potential. 🚀
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