#Litecoin Gathers Momentum on the Daily Chart

Litecoin (LTC) is showing strong technical signs of a bullish continuation. Recent daily chart analysis reveals that momentum indicators like the MACD and RSI are tilting firmly in favor of the bulls, with price action consistently holding above both the 9-day and 20-day EMAs.

LTC is now approaching a key resistance band between $103.27 and $103.86 — a break above this could trigger a move toward $109.06. Meanwhile, support between $101.43 and $99.36 offers a potential buy zone for traders eyeing a breakout.

While the indicators suggest strength, Litecoin still faces nearby resistance. Whether it can punch through will be critical in determining the next phase of its trend.

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Read the full analysis: www.ecoinimist.com/2025/05/12/litecoin-strengthens-on-daily-chart