Litecoin Breaks Above Key Resistance, Traders Eyeing Bullish Pullback
Litecoin (LTC) has seen significant price gains over the past day and week. According to data, LTC rose by 6.04% in just 24 hours and is up by a substantial 29.2% on a weekly basis. The altcoin's recent price breakout above its key swing level at $60.61 marks an important trend shift.
The Fixed Range Volume Profile shows that the VAH (dotted blue) was at $60.50, indicating strong resistance in this area. However, the Awesome Oscillator has made a bullish crossover above the zero line on the weekly chart, signaling positive readings for the first time since October 2025.
The Directional Movement Index highlights a strong uptrend in progress on the weekly timeframe. Nevertheless, the On Balance Volume (OBV) is still lagging near its multi-month lows stretching back to March, which could be a warning sign of weak buyer strength behind the move.
Despite this cautionary note, Litecoin maintains a bullish bias due to its rally past $60. Traders are advised to 'buy the pullback' and wait for a bullish reaction from key demand zones at $60 or $52.50 on the daily chart.