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LTC Bulls Charge Toward $100 as Technical Breakout Gains Momentum

LTC Bulls Charge Toward $100 as Technical Breakout Gains Momentum

Author:
LTC News
Published:
2025-05-04 11:46:39
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

Litecoin (LTC) is exhibiting strong bullish momentum, with technical indicators suggesting a potential breakout above the critical $100 resistance level. The cryptocurrency has already surged 40% since early April 2025, breaking through key moving averages and reversing a multi-week downtrend. Analysts are now closely monitoring the $97 resistance zone, which previously acted as support. A decisive break above this level could propel LTC toward $140, representing a 60% upside from its current price NEAR $87. This rally highlights Litecoin’s resilience and growing investor confidence as it continues to outperform in the altcoin market.

Litecoin Price Eyes $100 as Bullish Momentum Builds

Litecoin’s recent rally shows no signs of slowing, with technical indicators pointing toward a potential breakout above $100. The cryptocurrency has surged 40% since early April, decisively overcoming key moving averages and a multi-week downtrend.

Traders now watch the $97 resistance level, a critical threshold that previously served as support. A clean break could propel LTC toward $140—a 60% upside from current levels near $87. market structure suggests this upward trajectory remains the path of least resistance.

Crypto Whale Nets $9 Million Profit from Long Positions Across 22 Digital Assets

A prominent cryptocurrency trader has capitalized on the recent market rally, securing $9 million in profits from Leveraged long positions across 22 digital assets. On-chain data reveals substantial gains from Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) positions, with the whale currently holding 309 BTC purchased at an average entry price of $79,792.

The diversified portfolio included Chainlink ($LINK), Ripple ($XRP), and Litecoin ($LTC) alongside 16 other tokens. Lookonchain’s analysis highlights $5 million in unrealized BTC gains alone, demonstrating the whale’s strategic accumulation during price consolidation periods.

This move mirrors growing institutional confidence in crypto assets as hedging instruments against traditional market volatility. The trader’s success underscores the profit potential of diversified crypto exposure during bullish market phases.

Trader Nets $9M Profit on XRP, SOL, ETH, and Other Altcoins After April Market Dip

A savvy trader capitalized on April’s crypto market downturn, amassing over $9 million in unrealized profits from leveraged long positions across nine digital assets. The portfolio—spanning XRP, Solana, Ethereum, Bitcoin, Litecoin, Chainlink, Avalanche, Hyperliquid, and ENS—benefited from strategic entries during price weakness triggered by geopolitical trade tensions.

The most lucrative bet involved 50,000 SOL purchased near $107, now worth $2 million as the token rebounds above $150. Similarly, a 5,000 ETH position demonstrates the trader’s conviction in blue-chip assets during market stress. All trades employed 3x-25x leverage via perpetual contracts, with no exchange specified in available data.

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