Litecoin Approaches Key Resistance With Bullish Momentum Suggesting Possible Breakout

Key Points

1. Litecoin is nearing a critical breakout as bullish momentum and volume surge, with a symmetrical triangle pattern signaling an imminent breakout between $130 and $150.

2. Technical indicators, including the MACD bullish crossover and surpassing 9-week and 21-week moving averages, reinforce the bullish outlook for LTC.

3. Key price levels to watch include immediate support at $100, with maintaining above $115 increasing the likelihood of testing resistance at $130 and $140.

4. A decisive weekly close above the long-term resistance near $150 could confirm the breakout, potentially unlocking significant upside targets at $295 and $650.

5. Market participants are advised to monitor weekly price action and volume to assess the sustainability of the breakout.