Litecoin (LTC) shows bullish momentum after closing above $85. This article explores key support and resistance levels, along with analysts' forecasts.
Litecoin Breaks Resistance, Targets $96
Litecoin's price closed above $85, marking a significant bullish signal. Analysts suggest that a breakout above $96 could shift the focus to $112, indicating a strong change in the LTC technical structure.
Golden Cross Setup Could Accelerate Rally
Litecoin appears to be nearing a rare Golden Cross on the weekly chart. Analysts point out that this indicator has historically preceded significant price jumps, as seen in 2017 and 2021.
Analysts Project Litecoin Price Wave to $160–$170
Some analysts, including Litecoin Lion, expect that after completing a corrective phase, Litecoin is now starting a bullish impulse that could lead to a price range of $160-$170, backed by long-term technical signals.
Overall, Litecoin shows signs of strong bullish sentiment with potential for further growth if key levels are maintained. Trader interest is increasing, supporting the bullish outlook.
