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Possible Bullish Turn
Litecoin Targets $282 After Bullish Breakout
Litecoin experienced a bullish breakout after surpassing $113 last week, allowing it to target $282.
01-08-2025, 12:50:00 Editorial / Investment Strategies.
Litecoin Targets $282 After Bullish Breakout
Litecoin (LTC) rose 12% last week, enabling it to surpass the critical resistance at $113. As a result, the price could target $282 according to Olivia Stephanie at Ambcrypto.
According to technical analysis, LTC has emerged from a long-term ascending triangle pattern, which generally indicates a continuation of a bullish trend. The recent monthly close above $113 marks a significant change in market structure, reinforcing buyer dominance.
This breakout suggests a solid foundation for further price gains in the short and medium term.
The breakout zone around $113 now serves as a key support level. Analysts believe that if LTC remains above this level, the bullish structure will hold.
