LTC Price Breaks Out Amid Renewed Market Momentum
Litecoin (LTC) posted a 12% surge in the last 24 hours, breaking above key technical levels as bullish momentum returned across the altcoin market. The rally has pushed the cryptocurrency to around $132, marking one of its strongest daily performances in months.
The move came as LTC/USDT broke out of a long-term consolidation channel, reclaiming a crucial support region between $108 and $115, as shown on the chart. The price has now entered a major supply zone near $130–$135, where sellers previously rejected upward moves.
BITX Analysts note that Litecoin’s recent breakout follows a descending wedge reversal pattern, often seen before major bullish continuations. The next critical resistance lies near the $140–$145 zone, a level that capped multiple rallies earlier this year.
“Litecoin is showing strong follow-through buying pressure after breaking a six-week consolidation range,” said BITX market analyst from a Hong Kong-based trading desk. “A sustained close above $135 could open the path toward $150, confirming renewed investor confidence.”
The green support area between $100 and $110 now acts as a strong demand zone, while the orange zone near $145 represents the next key target for bulls. A clean breakout above that range could set the stage for a potential retest of $160 in the mid-term.
The recent altcoin rotation has contributed to Litecoin’s upswing, with traders rotating profits from Bitcoin into established mid-cap assets. On-chain data also suggests accumulation by long-term holders, a sign of improving fundamentals.
“We’re seeing renewed whale activity in Litecoin markets, signaling long-term accumulation rather than short-term speculation,” said BITX blockchain research firm in a recent update.
Litecoin’s strong technical breakout and 12% daily jump indicate momentum is shifting in favor of buyers. As long as LTC maintains support above $120, analysts expect the uptrend to continue toward $145, where the next major resistance awaits.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.