Litecoin Holds Bullish Momentum, Targets $135 Amidst Key Support Levels
Litecoin (LTC) maintains its bullish momentum by holding above the $112–$115 demand zone. Buyers are defending key support levels, with targets set at $120–$125. A breakout above this could lead to a move towards $135.
Technical Analysis Highlights Bullish Momentum
- Alpha Crypto Signal indicates LTC's robust structure and potential for growth as it holds above its ascending trendline.
- LTC is retesting the $112–$115 zone, where buying pressure is strong.
- Key moving averages: LTC is on top of the 9-day EMA at $112.68 and just below the 50-day SMA at $115.25, acting as dynamic support.
The confluence of these technical factors supports a bullish outlook for Litecoin. The current setup suggests potential for a price rally.
Support Levels and Breakout Conditions
- The $112 support level is crucial for maintaining a bullish bias. Holding above this supports further upward movement toward $120–$125.
- A breakout above the $120–$125 resistance zone could lead to a significant rally towards $135 or higher.
- If LTC falls below the $110 support level, it risks invalidating the bullish setup and shifting momentum downward.
