Litecoin Price Targets $165 Following Inverted Head and Shoulders Pattern
Bitcoin is currently trading below $96,000 and lacks strong bullish support. In contrast, Litecoin is showing signs of a bullish breakout.
Litecoin Price Analysis
- Litecoin has reversed from $120 with bullish momentum.
- The price trend is forming an inverted head and shoulders pattern, suggesting a potential rally toward $165.
- Current trading price is $125.81, up 3.02% intraday.
- Support levels identified at $119 (100 EMA line) and $115.
Resistance exists between $134 to $137, with the next significant challenge at the Fibonacci level of $128.40.
Bullish Momentum Strengthens
- 4-hour RSI indicates increased bullish momentum.
- A successful breakout above $128.40 could lead to a test of $165.
- Potential upside exceeds 30% if bullish trends continue.
Litecoin Whale Accumulation
- Litecoin holdings have risen significantly in 2025, reaching 75.37 million LTC.
- Whales holding over 10,000 LTC have accumulated 420 million LTC since January 1, indicating confidence in a bull run.