Analyzing if Litecoin [LTC] can breach $137 and trigger a squeeze

Key Points

1. Litecoin rallied over 10% in 24 hours, with momentum building toward a potential breakout above $137, a key liquidity zone.

2. The Stochastic RSI indicates short-term overbought conditions, suggesting a possible pullback before further upward movement.

3. Liquidation Heatmap data shows dense liquidation bands between $135 and $137, which could trigger a cascade of short-covering if breached.

4. Whales are actively increasing long positions, supporting bullish sentiment and the potential for LTC to reach new yearly highs.

5. Despite short-term exhaustion signals, the broader trend remains bullish, with $137 acting as a critical level for further gains.