- Litecoin is trading at $113 with a rising 24-hour trading volume.
- Long-term charts highlight an attempt at a symmetrical triangle breakout.
- Price action suggests a bullish push toward the $128–$134 resistance zone.
- Long-term targets suggest potential growth toward $410.
Litecoin (LTC) is picking up steam with a surge in its price as the crypto sector is gradually growing. Over the past 24 hours, the asset has shown stability, but its weekly gain is 1.94%. At press time, LTC is trading at $113.24. The trading volume surged 76.21% in the last day, reaching $575.97 million, while the market capitalization stands at $8.63 billion.
This surge in trading activity suggests that investor confidence remains intact even in the face of slight price weakness. Analysts point out that the recent climb toward the $124 level nearly met earlier price expectations of $128. Although resistance capped the move, buyers remain active, which keeps the market outlook constructive.
Also Read: Litecoin (LTC) Falls to $118, But Eyes a Potential Surge to $280
LTC Short-Term Chart Patterns Signal Buyer Momentum
According to the crypto analyst, on the 4-hour LTC chart, the price hovers near $113.03, just below a key resistance zone. A breakout from the $109–$114 range has shifted momentum in favor of buyers, with higher lows indicating strengthening demand. Analysts believe this setup could push Litecoin toward the $128–$134 supply zone, a historically strong resistance band.
The projected path suggests a potential test of this zone before a rejection or breakout occurs. A breakdown may lead to a move lower toward $106.60, a support level that formerly acted as resistance. Traders closely watch the area as a reversal point in candlestick patterns or indicator divergence. The outcome will most likely define Litecoin’s next short-term move.
Long-Term Outlook Shows Symmetrical Triangle Breakout
Moreover, another crypto analyst, Jonathan Carter, zooming out to the weekly timeframe, shows a more positive picture. The chart shows a symmetrical triangle formation that has developed since mid-2021. Currently, LTC is testing the upper edge in the range of $114–$115, which aligns with the 50-week moving average. Confirmation above it through a breakout could initiate a larger upswing.
If sustained, the next resistance sits between $140 and $155, and the next target rises through $265–$285. The analysts verify that volume above $150 is pretty light, and thus price could move swiftly once through it. Litecoin could potentially be aiming at $410 in a longer-term bullish scenario, equaling its 2021 macro high.
Support remains solid in the range of $85 and $105, offering a bottom in case momentum drops. Since there are still neutral RSI readings, the currency can still move up without causing near-term overbought conditions. Litecoin, in general, stands at a critical point, and the present composition suggests the possible initiation of a long-hoped-for bull cycle.
Also Read: Litecoin Price Prediction: Can LTC Reach $200 Again by 2025?
