- Litecoin price eyes $140 resistance, with a breakout potentially targeting $150–$160.
- Support at $120–$130 is crucial for maintaining the bullish trend in Litecoin price.
- Rising volume suggests strong demand, confirming Litecoin’s bullish momentum.
Litecoin price has shown signs of strong upward momentum in recent weeks, sparking interest among traders and analysts. With the Litecoin price testing key levels, many are following closely to see if it can break through the $140 resistance zone.
If this happens, it could signal that the bullish trend is poised to continue. However, the market remains cautious as the price faces significant resistance, and careful attention to support levels is necessary to determine the next move for Litecoin price.
Will Litecoin Price Break Through $140 Resistance?
Litecoin price is testing the resistance zone of $130-$140, and this is a big resistance, according to analyst Ali Charts. This is a crucial level to monitor as prior rallies above this cost have been unsuccessful. A successful breakout above this price level in Litecoin price of $140 can be an indication of a further bull run, and the likely resistance levels are around $150-$160.
Source: Ali Charts/X
Litecoin price has significant support at $120-$130 on the downside, and this has been a strong area in the past few months. Inability to keep such support may result in a correction, the next important area being the 100-dollar.
The $140 and $120 or $130 are the resistance and support levels that will be critical in defining which way the Litecoin price will go. A bullish breakout above $140 may push litecoin prices higher but failure to hold support might cause a further retracement.
Litecoin price has largely been determined by volume, whereby higher volume translates to high levels of demand in the market. A move past the $140 level on even higher volume would validate the bullish run, and a dip in volume may indicate a stall or reverse. As pointed out by analyst Ali_charts, keeping a close eye on the volume in the next few days will be a key focus area to determine how robust the Litecoin price trend is.
Source: Ali Charts/X
Reaction to the $140 resistance will play a critical role in determining the next trend of the Litecoin price. A strong push up from this zone might propel the price to the $150-$160 zone, with any weakness above the $140 level potentially resulting in a correction back to the $120- $130 zone.
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