#TradingAnalysis101

The current technical analysis for Litecoin (LTC) indicates the presence of 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 time frame shows an increase above the neutral level (50), reflecting a rise in bullish momentum. The Exponential Moving Averages (EMA) also indicate a positive arrangement, supporting the likelihood of a continuation of the 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.