Litecoin (LTC) Aiming for $120: Can It Break Resistance?
Litecoin (LTC) is showing strong bullish momentum, currently trading at $106 after a solid rebound from the $100 support level. As market sentiment improves, traders are closely watching whether LTC can break through its next major resistance at $110.
Key Levels to Watch
Support: $102 (Critical for maintaining the uptrend)
Resistance: $110 (Breakout level for further upside)
Target: $120 (Next potential milestone)
If Litecoin successfully clears the $110 barrier, it could gain further traction toward $120, with the possibility of even testing $130 if strong buying pressure persists.
What to Watch For?
Breakout Confirmation: A strong move above $110 with volume support.
Trading Volume: Increased buying interest signals a sustained rally.
Support Holding: If $102 remains intact, the bullish trend stays valid.
Traders should stay alert for breakout signals and volume confirmation to make informed decisions.
Is LTC ready for a breakout?
Keep an eye on the charts!
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