Analyze the recent behavior of Litecoin (LTC), its weekly projection, support, resistance, and whether it is a good time to invest. Technical prediction updated as of May 13.
Litecoin (LTC) prediction for this week: Will it continue to rise after surpassing $100?
Litecoin shows a strong recovery, with significant increases in recent days. Are we witnessing the start of a new bullish rally? We analyze the technical trend and projections for this week.
📈 Recent price evolution
During the last week, Litecoin (LTC) rose from a value close to $81.52 to reach $103.00, representing a gain of more than 25%.
🔹 The bullish momentum began on May 7 with increasing volume, peaking around May 10 with a volume of $808.09 million in 24 hours.
🔹 Despite some corrections, the price has remained stable above $100, indicating possible consolidation before a new rise.
🔍 Technical analysis and prediction
Key support: $98.50
Immediate resistance: $105.00
Current trend: Bullish with consolidation
📊 The chart shows a structure of higher highs and lows, which technically supports the continuation of the positive trend.
🧠 Indicators like the RSI are in a neutral-high zone, meaning there is still room to rise without being overbought.
📌 Projection for this week:
If Litecoin manages to break $105 with volume, we could see a short-term target of $110 - $112. In case of a correction, the $98 level could act as healthy support.
🔐 Is it a good time to invest?
Yes. The break of the psychological level of $100 USD may attract new buyers. Technical indicators support a moderate bullish continuation.
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