• Litecoin reached 122 dollars in August with a steady uptrend from 67 dollars, showing a 61 percent increase.

  • Bollinger Bands expanded while daily volume climbed, suggesting strong momentum with buyers holding upper ground

  • LTC crossed key resistance near 96 dollars then formed higher lows and higher highs across the daily chart

Litecoin (LTC) has soared to $122.14, gaining over 61% year-to-date, as new price momentum shows bullish strength on daily charts.The daily candle closed at $122.14 with a +0.67% move, supported by increasing volume and upward pressure above major moving averages. LTC traded at the same level on both buy and sell orders, confirming a strong market consensus.

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This price move is supported by a sharp rise in bullish candlesticks and significant volume inflows as seen on the daily timeframe. Over the past few weeks, LTC has gained traction from $67.00 to $122.14, showing a continuous uptrend. Price action currently sits above the upper Bollinger Band, signaling possible overextension in the short term.

Bollinger Bands and Moving Averages Confirm Bullish Pressure

LTC price has broken above the upper Bollinger Band on the daily chart, indicating aggressive bullish momentum. Historically, a move above this band suggests increased volatility and buying strength, although it is often followed by short corrections. In this instance, the move comes with strong green candles and high trading volume.

The 20-day moving average (yellow line) and 50-day average (orange line) have both curved upward, following the recent bullish crossover. The 200-day moving average, a key long-term trend indicator, is also sloping up and supporting the price from below. This alignment between short, mid, and long-term moving averages often reflects trend reliability.

Furthermore, the Bollinger Band width is widening, which generally indicates rising volatility. That expansion often follows significant market moves, supporting traders’ anticipation of continued momentum. Volume has also surged significantly, confirming that the rally is supported by capital inflows.

Short-Term and Long-Term Trends Align on Daily Charts

The daily chart provides confirmation of both short-term momentum and a shift in long-term investor sentiment. In the zoomed-out chart, the recent move to $122.14 is part of a sustained upward recovery from March lows around $70.00. This 74% recovery over five months suggests broader accumulation.

Bullish momentum accelerated after crossing above the 200-day moving average around $96.00. Since that breakout, the trend has held firm with higher highs and higher lows, a typical bullish structure. Multiple candlesticks closing above key resistance levels have given buyers confidence in the current setup.

Additionally, Bollinger Band positioning shows that price is currently testing the upper limit on both short- and long-term timeframes. If the daily candles continue closing above this level with consistent volume, further upside to $129.00 or even $137.00 becomes more probable. However, a retracement could also occur toward the midline around $108.00, where the 20-day average currently sits.

Is Litecoin Setting Up for a Long-Term Breakout in 2025?

As price tests key levels and volume surges, a crucial question emerges: is Litecoin preparing for a multi-month breakout trend?

Momentum from July into August has been supported by healthy volume and a steep climb above historical resistance lines. The alignment of technical indicators shows strength in both price structure and buying activity. Continued movement above the $122.00 zone will be critical in validating a longer-term bull cycle.

LTC now holds above all major averages and has broken previous resistance zones that held since early 2024. This structure, coupled with the 61.91% year-to-date gain, sets the stage for further exploration toward previous highs.

If price maintains its stance above $122.00 for several more daily candles, the market could look to test $145.00. Short-term traders are likely watching closely, while long-term investors await confirmation of consolidation before next accumulation phases.