Litecoin storm is coming! Will the price skyrocket to $135?

Litecoin (LTC) is at a crucial turning point, with market signals suggesting that intense volatility is about to erupt! Technical analysis shows that if LTC breaks through the critical support at $98, buying pressure may accelerate, and the price is expected to soar to $135!

🔥 Will breaking $98 trigger an explosion for Litecoin?

Currently, LTC is trading at $103.97, with a slight increase of 1.79% for the day, but it has still dropped 17.4% over the past week. Market sentiment remains volatile, with $98 becoming the key battleground for bulls and bears.

Once it breaks above $110, Litecoin may quickly challenge $116 and ultimately aim for the resistance zone of $135-$137.50. However, if it falls below $98, it may pull back to $91, where stronger buying support will be faced.

📊 Technical indicators are signaling a rebound!

Bollinger Bands: LTC price is approaching the lower band ($105.58), volatility is increasing, which may lead to a big market move.

RSI: Currently at 39.21, close to the oversold zone, buying pressure could erupt at any moment.

MACD: Still in a bearish state, but if LTC breaks through $115-$120, it will reverse the situation and trigger a strong rebound!

⚡ Hash rate hits a new high, is the mining boom boosting LTC?

The Litecoin network's hash rate has reached a historical high, with miner activity surging, further enhancing security. At the same time, the rising popularity of merged mining with Dogecoin (DOGE) provides long-term benefits to the market.

📈 Whale funds are stirring, will the market face a major upheaval?

Data shows that 10.8% of LTC is held by only two main addresses, meaning that if these whales make significant purchases or sales, the market may experience drastic fluctuations. Additionally, 143 active investors control nearly 38% of the LTC supply; if they continue to increase their holdings, LTC prices may break through the $135 barrier in the coming weeks!

🚀 Litecoin is about to explode, is $135 just the beginning?

The current market is at a critical turning point, with $98 support, $110 breakout point, and $135 target; each key price level is stirring the market's nerves. Whale movements, soaring hash rates, and resonating technical indicators will determine whether LTC will experience a true breakout or continue to oscillate. The next market move is imminent!