Litecoin (LTC) Eyes Key Resistance at $115 as Bullish Momentum Builds!

Hey Binance Square Community!

Let's analyze Litecoin (LTC) against USDT based on the latest chart data. The 4-hour timeframe is showing notable bullish momentum and key levels that could define LTC's next move.

Current Price & Momentum:

Litecoin is trading at $113.08, gaining +3.02% in the last 24 hours. This upward movement shows strong buyer interest and the possibility of continuation in the uptrend.

Key Technical Indicators:

Moving Averages: The 4-hour chart shows a bullish alignment.

MA(7): $111.95

MA(25): $111.27

MA(99): $113.32

Shorter-term MAs are below the current price, while LTC is pushing above the MA(99). The MA(7) recently crossed above the MA(25), signaling potential trend continuation.

Resistance Ahead:

The 24-hour high is $115.12. This is a key level where previous rallies faced selling pressure. A clean break and close above $115.12 could lead LTC to target the $120 psychological level.

Support Levels:

Immediate dynamic support comes from the MA(25) at $111.27 and MA(7) at $111.95. A pullback could find a bounce here. The 24-hour low at $109.68 is the next significant support.

Next Moves for LTC:

Bullish Scenario: A strong breakout above $115.12 with rising volume could confirm continued bullish sentiment and further upside potential.

Bearish Scenario: Rejection at $115.12 followed by a drop below short-term MAs could indicate a temporary correction or consolidation phase.

Volume remains crucial. Sustained high volume during upward moves adds credibility to the rally.

What is your take on Litecoin's current price action? Share your analysis in the comments below!

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