Litecoin has surged past its key resistance level of $113, indicating a potential for further price growth. Technical analysis suggests targets of $199, $243, and $282.
Litecoin 's bullish breakout above $113 signaled potential gains, with targets set at $199, $243, and $282. It has confirmed a bullish breakout after closing above its critical resistance level of $113, signaling potential upside momentum. LTC has a 12.86% gain over the past week, indicating strong market activity. According to technical analysis , LTC has broken out of a long-term ascending triangle pattern, which typically signals a continuation of an uptrend.
The recent monthly close above $113 marks a significant shift in market structure, reinforcing buyer dominance. The breakout zone around $113 now serves as a key support level. Analysts believe that if LTC remains above this level, the bullish structure will hold. Additionally, the long-standing ascending trendline near $90 provides dynamic support, making it a critical level to watch during any potential pullbacks. There are three critical price targets for LTC. The first target at $199.64 represented a historical resistance zone. The second level, $243.13, marked an important psychological and technical threshold. If LTC sustains its momentum, the third target of $282.02 could come into focus, representing a potential return to multi-year highs. Market experts caution that resistance near $120 has capped price movements in recent sessions. A confirmed breakout above this level is seen as necessary to unlock stronger upward momentum toward these targets. Technical indicators suggest that breaking this resistance could act as a catalyst for the next leg of the rally. The MACD indicator showed a weak bullish crossover, with the MACD line at 0.94 at press time, slightly above the signal line at 0.31. However, fading histogram bars indicated mild bullish momentum, signaling the potential for sideways price action in the short term. Market observers noted that stronger volume may be required to sustain the upward trend. The RSI (14) sat at 55.01, reflecting neutral momentum but leaning slightly toward bullish
Litecoin LTC Bullish Breakout Price Targets Technical Analysis
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