Litecoin price is starting to show some strength again, and traders are watching closely as it nears a key resistance level. In a tweet, top analyst CryptoJobs3 pointed out that LTC is setting up for a potential breakout.
He mentioned that if momentum holds, it could push toward the $95 to $98 range, but also warned it could turn into a bull trap if buyers lose steam. The level to keep an eye on right now is $87.80.
Looking at the daily chart, the LTC price is breaking out of a downtrend it has been stuck in for weeks. After bouncing from a yellow-marked demand zone, the price has climbed above a falling trendline that had been capping upside moves. That’s a promising sign that the trend might be shifting, with higher lows starting to form.
Source: X/CryptoJobs3
Just above the current price is a red supply zone, which could act as the next big barrier. If Litecoin price can break through that area and close above it on the daily chart, it would be a strong sign that momentum is shifting in favor of the bulls.
Ichimoku Indicators Signal Momentum Shift For LTC Price
In a separate chart view, LTC is interacting with the Ichimoku Cloud, a technical indicator used to measure trend direction and strength. The price is now testing the lower edge of the cloud, which often acts as resistance during bearish conditions.
The lagging span is beginning to move into more bullish territory, while the narrowing of the future cloud suggests a possible change in trend. A decisive close above the cloud would confirm this transition and could draw more attention from momentum-focused traders.
Source: X/CryptoJobs3 Short-Term Litecoin Chart Reveals Bullish Pattern
On the 1H chart, there is a handle and cup formation. This pattern, typically a continuation bullish shape, fits the overall breakout narrative. Litecoin price is oscillating in the $87–$88 region, which is also the resistance point identified in the tweet.
Source: X/CryptoJobs3
A breakout here could be similar to a move towards the $95–$98 region. However, without strong volume and follow-through, there remains a risk of short-term rejection.
Moreover, CryptoJobs3 notes that $87.80 is the key level to watch. A close above it could confirm bullish continuation. For the meantime, caution remains appropriate as the thrust can stall if buying momentum falters near resistance. Volume, candle structure, and retests should be monitored for confirmation by traders.
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The post Analyst Updates His Litecoin (LTC) Price Prediction as FOMO Builds Near Key Breakout Zone appeared first on CaptainAltcoin.
