Litecoin Breaks Key Resistance, Eyes $145 Price Target
Litecoin (LTC) has broken through key resistance and is now targeting $145 as its next price milestone, according to technical analysis.
The cryptocurrency's surge in recent sessions has been fueled by growing market adoption and rising volumes across spot and derivatives markets. Trading volume reached $481.58 million over the past 24 hours, with a total market capitalization of $4.28 billion.
A bullish breakout is evident on TradingView charts, with Litecoin's price decisively moving above all major exponential moving averages (EMAs). The 20, 50, 100, and 200 EMAs now sit below the current price level, signaling a shift from a bearish to a bullish trend.
However, some warning signals have emerged, with the Relative Strength Index (RSI) climbing to 71.83, indicating potentially overbought territory. Technical analysis suggests that Litecoin may experience a short-term pullback towards the $53.43 support area before any further gains.