#PriceTrendAnalysis

The current technical analysis of Litecoin (LTC) indicates an inverted head and shoulders pattern on the 4-hour chart, with a neckline at $134. This pattern is a bullish signal, and a break of the neckline could lead the price to $165.

In addition, the Relative Strength Index (RSI) on the same time frame is showing a rise above the neutral level (50), reflecting an increase in bullish momentum. The Exponential Moving Averages (EMA) are also indicating a positive arrangement, supporting the possibility of the bullish trend continuing.

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

It is worth noting that the technical analysis indicates that the $63 level is a strong support, as buyers are likely to consolidate this level to prevent further declines. On the other hand, the $69 level is considered a strong resistance, as the price witnessed a boost from sellers upon approaching it. It is worth noting that these analyses are based on data available until February 22, 2025, and market conditions may change over time.