Litecoin Surges on Breakout Hopes: Can $80 Send Price to $135?

Litecoin's recent surge has pushed its price up by over 30% from its lows, and some analysts believe that a confirmed breakout above $80 could send the cryptocurrency to $135.

The $80 resistance zone is a significant technical barrier for Litecoin, as it contains several major moving averages, including the 50-period EMA near $71.56, the 200-period EMA around $77.10, and the 100-period EMA at approximately $79.31.

A decisive two-week close above $80 would be needed to validate the bullish outlook, as a temporary move above this level may not be enough to overcome the moving-average cluster and multi-year descending resistance line.

If Litecoin does confirm the breakout, its first significant upside target would sit between $95 and $100, followed by a broader rally to $135. The $135 target is based on both the expected size of the breakout and the presence of a major horizontal resistance level visible across Litecoin's long-term chart.