#GasFeeImpact

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). In case the price breaks this level, it could gain further momentum to achieve the mentioned bullish targets.