Current technical analysis for Litecoin (LTC) indicates an inverted head and shoulders pattern on the 4-hour chart, with a neckline at the $134 level. This pattern is considered a bullish signal, and a breakout above the neckline could lead to a price increase towards $165.

Additionally, the Relative Strength Index (RSI) on the same timeframe shows a rise above the neutral level (50), reflecting an increase in bullish momentum. The Exponential Moving Averages (EMA) also indicate a positive arrangement, supporting the likelihood of a continued upward trend.

However, it should be noted that the current price faces resistance at the $128.40 level (78.6% Fibonacci retracement level). If this level is surpassed, the price may gain further momentum to achieve the aforementioned bullish targets.

It is worth mentioning that technical analysis indicates that the $63 level is considered strong support, as buyers are likely to defend this level to prevent further declines. Conversely, the $69 level is seen as strong resistance, as the price has faced pushback from sellers when approaching it.

It is important to note that this analysis is based on data available until February 22, 2025, and market conditions may change over time.