The increase in Bitcoin price above $70K has positively impacted related cryptocurrencies like Litecoin, which has seen a consistent uptrend in its price over the past few days. There is speculation that Litecoin may soon surpass the $100 mark, with some predictions indicating a potential jump above $200 in the near future. Despite some volatility, the overall trend for Litecoin seems to be upward, starting from $80 or the 38.20% Fib level.

Litecoin recently experienced a tweezer bottom reversal, resulting in a 22% increase in a week, bringing the trading price close to $100 at $96.22. This price level has seen some resistance, indicating a potential struggle for Litecoin to break past $100. However, an increase in trading volume suggests strong buyer support, hinting at a breakout once $100 is crossed.

In terms of technical indicators, the RSI indicator shows a bullish reversal, lifting the daily RSI above 50%. The MACD indicator also reflects positive momentum with a bullish crossover, indicating a dominance of bulls in the market.

The question remains whether Litecoin will be able to surpass the $100 mark. While the overall market recovery suggests a potential surpassing of $100, caution is advised as there is strong supply at this level which may lead to a quick reversal if buyers falter. Optimistically, Litecoin could reach new peaks at $113 and even $130, but a retest of the $100 breakout could delay these bullish targets.