Litecoin Maintains Falling Wedge, Eyes Potential Bullish Breakout

CryptoWzrd's latest analysis highlights the following key points on Litecoin:

Litecoin closed the day with a bearish trend, aligning with Bitcoin's broader market movement.
The LTC/BTC chart remains in a falling wedge formation, typically indicative of potential bullish reversals upon an upside breakout.
A breakout from this wedge could lead to a significant rally, shifting momentum positively and attracting buying pressure.
Litecoin is currently holding above the $112 level; a strong bullish daily candle here may confirm further upward movement.
The next resistance target for Litecoin is $140. A close above this level could extend gains toward $170.
Intraday volatility has increased, suggesting sharp price movements in the near term.
For a positive stance, Litecoin must maintain above the $115.50 intraday resistance, with $123 as the next target.
CryptoWzrd is focusing on lower time frame charts for quick scalp opportunities, especially over the weekend when trading conditions are thinner.

Litecoin