The recent market activity saw Bitcoin (BTC) reaching an all-time high close to $74,000, igniting a positive momentum in the cryptocurrency space. Litecoin (LTC) followed suit and surged past $100 before facing resistance and retracing to $80.

Currently, the market remains under bearish pressure, with bulls attempting to confirm a minor hidden bullish divergence. Despite initial concerns of a return to consolidation, bulls have prevented further decline and initiated a rebound with below-average volume.

Despite the bearish sentiment surrounding the upcoming halving, Litecoin shows potential in reclaiming the crucial $100 resistance level.

The weekly chart indicates a strong bullish trend for Litecoin, with indicators like Ichimoku Cloud turning bullish and RSI holding above the ascending trend line. This suggests that a push beyond $100 may not be difficult.

With bearish influences subsiding and a correction completed, a fresh uptrend seems likely. Litecoin bulls are aiming to surpass the $101 resistance, with a successful break possibly leading to a rise to $115 and further to $145. However, market dynamics are subject to change based on sentiment shifts.