- Litecoin is making its fourth attempt to break the $138–$140 resistance zone after three previous rejections in recent months.
- Technical indicators, including bullish moving average crossovers and positive MACD momentum, point to strengthening upward market pressure for Litecoin.
- Rising trading volume and increased open interest suggest strong market participation ahead of Litecoin’s critical resistance test this week.
Litecoin (LTC) is once again aiming to test the $138-$140 resistance area after three unsuccessful breakouts in only nine months.Traders are watching carefully, as bullish momentum is beginning to build, and a move could soon take place.
Three Failed Attempts and a Potential Breakthrough
Ali, a market analyst on X, highlighted that Litecoin faced rejections at this level in December, January, and March. Each test resulted in sharp retracements as sellers entered the market and short positions increased. This formed a clear triple-top structure, traditionally associated with bearish control.
Yet, repeated attempts to breach resistance can weaken it over time. Each approach absorbs sell orders, lowering the wall’s strength. Litecoin’s current rally, which began from the $90 range in July, has been consistent and steep, supported by strong spot buying.
Increasing trade volume is a sign of firm conviction on the part of the market participants. A confirmed close above $140 could be the spark that creates a flurry of buying from a number of people have to cover their short positions as well as new long positions driving the price higher.
Technical Setup Signals Bullish Momentum
On the weekly chart, Litecoin shows a breakout from a $94–$100 range, climbing to $134 before a pullback to $121. Both the 9-week and 21-week moving averages have crossed bullishly, reinforcing the upward trend. The MACD indicator has turned positive, with expanding histogram bars reflecting accelerating momentum.
As of writing, LTC trades at $121.85 with a 24-hour volume of $1.21 billion. While buyers hold the advantage, market watchers note that short-term pullbacks could occur for consolidation before the next rally attempt.
In derivatives markets, open interest has risen sharply alongside price. Current levels are near yearly highs, signaling an influx of speculative positioning. Such conditions often precede large price swings, adding to the anticipation of the next move.
Institutional Interest and Market Outlook
External developments may also influence Litecoin’s trajectory. Thumzup Media, a firm affiliated with the Trump family, recently secured $50 million in funding and deepened its partnership with Coinbase. The company plans to invest in crypto mining and accumulate assets, including Litecoin, as part of a $250 million portfolio strategy.
If Litecoin can hold a breakout above $140 for any length of time, we could see it approach the $170-180 range with potential continued upside targets of around $210 in the medium term. However, if Litecoin still can’t break through $140 and rejects again, we may see a significant retracement toward $110-115. This is where the next significant support zone lies.
The fourth test of this resistance may prove pivotal in determining whether bulls finally claim control after months of failed attempts.
