Litecoin (LTC) hit a multi-month high in March, breaking the $100 barrier. However, the altcoin experienced a 25% correction following this surge.

Investors are expecting Litecoin (LTC) to recover from its latest losses and return to the $100 mark.

Litecoin is in a favorable position, with the price heading higher after the correction, indicating a potential bullish trend.

The share of coins in profit indicator also indicates possible growth, although the current value is 58%, far from the peak of 95%, which signals market saturation.

Other metrics, such as Litecoin's reserve risk, continue to show the asset's attractiveness to investors, creating a favorable risk-reward profile.

Currently, LTC is just below the 50-day exponential moving average (EMA) and is facing resistance levels around $86 and $92, however, if the bullish sentiment continues, LTC could break through these levels and continue to rise towards $100.

However, failure to clear the resistance level at $86 could see the price fall further to $79, while the loss of support will increase the prospects for a further fall to $71.