🚀 Is $LTC preparing for a 50% jump? Market signals are accumulating 📈🔥
Litecoin (LTC) is back in the spotlight, with a strong rise exceeding $120, and technical momentum indicating the potential for a breakout towards higher levels.
The chart shows a horizontal consolidation pattern after a bullish wave, and open interest has surpassed $1 billion — indicating that smart money is entering the futures market.
The Relative Strength Index (RSI) is moving in an upward range, while the MACD shows a positive crossover, and trading volume is gradually increasing.
However, there is a bearish divergence in the CMF indicator, suggesting a possible temporary pullback before resuming the upward movement.
On-chain, spot market flows show an increase in exchange balances, which may indicate some investors' intention to take profits.
Nevertheless, the liquidation map shows a clear dominance of long positions, with over $105 million in buy orders below the $120 area — reflecting traders' confidence in the continuation of the bullish trend.
According to analysis from [The Coin Republic], the next technical target is at $181, based on Fibonacci extension from the June low of $76 to the July high of $121.
Social sentiment is rising, with increasing discussions about LTC on X and Telegram platforms, amidst comparisons with the performance of ETH and SOL in previous cycles.
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