Litecoin (LTC) - breakout above $135?
🔍 Technical Picture:
A classic bullish pattern “Cup & Handle” is forming on the LTC/USDT chart, which often precedes a strong pump:
The cup is nearly formed, with smooth consolidation in the $96–99 zone
The handle (short-term pullback) is expected to the support zone of ~$93
A breakout after the handle could initially take LTC to $112, and then to key targets:
Levels:
$112 — the first serious test
$128–$130 — the partial profit-taking zone
$137.5 — the full realization of the pattern, global target
📊 Volumes are moderate, which is perfect for forming the handle.
However, a breakout from the pattern with a sharp increase in volumes — a potential signal to open positions.
📌 Key support: $92.00
LTC often follows Bitcoin with a delay. If BTC consolidates or rises — Litecoin wakes up in the second phase, as we have seen in many cycles.
🔥 Moreover, the Halving #Litecoin Network Fees (via MWEB) is approaching — another possible trigger.
The “cup with handle” pattern on D1 + position accumulation on calm volumes + potential for historical repetition = #LTC could surprise everyone as early as June–July.
A breakout at $112 opens the way to $137.
😑 What do you think about this setup?
