Litecoin Breaks Above Key Resistance Level as Bulls Aim for $97.10

Litecoin (LTC) is experiencing bullish momentum as it surpasses key technical levels, attracting investor interest. The broader market recovery, driven by optimism in Bitcoin and Ethereum, has created favorable conditions for altcoins like Litecoin.

LTC has broken above a critical level on the daily chart, indicating a potential trend reversal after weeks of consolidation.
The next target for LTC is $97.10; reaching this could signal the start of an upward trend.
Speculation around a potential Litecoin spot ETF has increased, with approval probabilities rising to 95%, potentially driving institutional investment.

LTC has surged over 4% recently, closing at $91.23. It is now above both the 50-day and 100-day moving averages, with the next challenge being the 200-day moving average near $98.50.

Maintaining momentum above $90 could confirm a shift in market structure and lead to a broader rally.
A rejection at the 200-day MA may trigger a retest of support in the $87–$89 range.