• Litecoin surged 45% after rebounding from the $60–$70 accumulation zone, now trading around $96.28.

  • Price currently faces resistance at $97.10 with support holding at $92.04.

  • Next price targets include $200, $300, and $500 based on multi-cycle projection.

Litecoin (LTC) has made a sharp move to the upside, surging nearly 45% from its accumulation zone of $60 to $70. The action is following a clean bounce off this support zone, a continuation of its long-term uptrend structure. LTC is trading at $96.28 as of the latest session after gaining 3.8% in the last 24 hours. The recovery positions the asset just below a key resistance level at $97.10.

The price and volume structure are consistent with past breakout patterns, especially the ones seen in 2020 and early 2021. An uptrend line from past cycles is still intact, giving further strength to the recent breakout. LTC has traded within a broad consolidation range for several quarters, and its latest price action now aligns with previous impulsive moves that produced gains exceeding 600%.

Key Resistance Zone Emerges Near $120 as Traders Eye Mid-Range Targets

LTC’s current movement places it near Resistance 1, which sits just under the $120–$140 range. This level is identified as the next significant test point. Historically, prices have gained momentum outside of this area with historical breakouts resulting in the price rallying to over $300. The second intermediate supports on the chart are at $200, then at $300 and then at $400.

Source: (X)

Farther up, Resistance 2 gains a mile above the mark of $245, and Resistance 3 is at the mark of $388.32. While these zones represent potential hurdles, the broader technical formation maintains its upward projection. Importantly, a prior breakout from a similar support structure led to a 1,596.65% rally, reinforcing the potential magnitude of upcoming moves.

LTC Holds Support as Rally Eyes $500 Path

The $60–$70 range served as a historical accumulation zone, marked by consistent higher lows since mid-2023. Support at $92.04 remains intact as of the current trading session, while bullish momentum has propelled LTC above $95. This level has now become a short-term pivot ahead of further gains.

Based on multi-cycle data, the current structure echoes past setups that preceded extended rallies. One historical move showed LTC rising over 800% after reclaiming key resistance levels. At present, the outlined structure shows a potential path toward $500, with $1,000 remaining a long-term high. However, each breakout level from $120 onward will serve as a validation checkpoint for sustained trend continuation.