#Litecoin Analysis – Bullish Momentum Drives Prices Higher $LTC is experiencing a strong upward rally, trading at $129.69 with a 13.85% gain over the past 24 hours. The price recently touched a high of $131.67 before pulling back slightly. The RSI stands at an overbought level of 89.50, indicating strong bullish momentum but also cautioning traders about potential profit-taking.

ETHUSDT
Perp
Created with Highcharts 9.1.1
129.75
-4.17%

Key Levels to Watch

Resistance:

$131.70: Immediate resistance to watch for a breakout confirmation.

$135.00: Next target level if the rally continues.

Support:

$127.00: Short-term support to monitor during pullbacks.

$123.50: Stronger support level in case of deeper corrections.

Trading Strategy

For Bulls:

Entry: $130.00 (on confirmed breakout).

Target 1: $131.70

Target 2: $135.00

Stop Loss: $127.00

For Bears:

Entry: Below $127.00 (on breakdown).

Target 1: $123.50

Target 2: $120.00

Stop Loss: $129.50

Market Insight

The MACD shows a continuation of bullish momentum, and increased volume suggests strong buying interest. However, with RSI in overbought territory, a brief consolidation or minor retracement could be expected. A breakout above $131.70 may trigger further gains, while failure to hold $127.00 could signal a short-term correction.

Traders should monitor volume and price action closely for confirmation of the next move.

#LTC