Litecoin ($LTC ) Surges 17% โ€“ Is This the Start of a Bigger Move? ๐Ÿš€๐Ÿ”ฅ

LTC has gained +17.05% in the past 24 hours, hitting a high of $132.43, and currently trading at $132.07. The momentum is strong, but can Litecoin break higher, or is a correction coming?

Technical Analysis ๐Ÿ“Š:

โœ… RSI (6): 78.04 โ€“ Overbought territory, indicating strong bullish momentum but a potential short-term pullback.

โœ… MACD: 0.23 โ€“ Positive and rising, suggesting further upside potential.

โœ… Bollinger Bands: Price is hugging the upper band, confirming strong demand, but volatility may increase.

Key Levels to Watch:

๐Ÿ”ผ Resistance: If LTC breaks $133.50, we could see a move towards $140-$145 in the short term.

๐Ÿ”ฝ Support: If a correction happens, $127.50 and $121.00 are key levels to hold.

Final Thoughts ๐Ÿ’ก:

Litecoinโ€™s breakout is strong, and if Bitcoin continues its bullish trend, LTC could see further upside. However, overbought conditions may lead to a short-term retracement before the next leg up.

Do you think LTC will keep climbing, or is a correction incoming? Drop your thoughts below! ๐Ÿ‘‡๐Ÿ’ฌ