Litecoin (LTC) Eyes $140 Breakout as MACD and RSI Signal Unstoppable Bull Run
Litecoin’s bulls aren’t backing down—technical indicators scream momentum. Could $140 be the next stop?
MACD lines cross into bullish territory while RSI flirts with overbought levels. Traders brace for volatility, but the charts whisper ‘higher.’
Meanwhile, Wall Street still thinks crypto is a ‘phase.’ Tell that to the 14-year-old chain outlasting their legacy systems.
- Litecoin (LTC) still shows bullish strength as it approaches overbought conditions for RSI while MACD stays bullish.
- LTC targets the level of resistance of $120 based on a 19.83% surge in trading volumes and rising demand from investors.
- Against the rally, spot open interest has gone down by 9.19% as orders switch gears to a more organic spot-led market move.
- The Litecoin outlook remains positive for further gain if support for levels higher than $110 continues and if resistance for $120 is overcome.
Litecoin (LTC) is on its way to a bullish trend and signaling an increment in its value alongside the entire crypto industry. LTC’s value for the last 24 hours has decreased slightly by 2.91%, while for the last week it has also increased by 12.15%.
The general market is neutral as BTC has started consolidating. This MOVE has impacted both the general market and altcoins. However, LTC keeps going up with a positive trend in prices.
LTC is currently trading at a value of $113.40 with a 24-hour trading volume of $1.21 billion, which has increased by 2.35% in the last 24 hours. The coin now has a market capitalization of $8.63 billion, with a decline of 3.18%.
Litecoin Price Eyes $140 Amid Bullish Momentum
Technicaly, the RSI (Relative Strength Index) is at 68.43, below the overbought line of 70, showing strong momentum while also some short-term fatigue. The MACD (Moving Average Convergence Divergence) remains firmly bullish, with the MACD line at 7.23, considerably higher than that of the signaling line at 5.51, but a falling histogram shows some slowdown in momentum.
Overall, indicators show that more upside is a possibility, but a cooldown could occur if buyers cannot sustain their momentum.
Litecoin is in a good technical rally now with bullish spot volume and momentum indicators. The decrease in open interest does indicate a less speculative organic rally that could be a healthier setup for additional gains. Traders should keep a close eye on the $120 resistance zone and watch for consolidation above $110 as a sign of strength.
If broken, then it WOULD see a major resistance zone around $140. A failure to hold these levels could open the door for a pullback toward $105 or lower support around $95.
Litecoin OI Dips, But Bulls Stay Strong
Litecoin’s (LTC) derivatives market is showing a mixed picture as traders reduce exposure despite a recent price rally. According to Coinglass, LTC open interest (OI) has declined by 5.15% to $950.55 million, while trading volume dropped sharply by 16.38% to $2.36 billion over the last 24 hours.
However, the OI-weighted funding rate remains positive at 0.0096%, signaling that the traders who continue to hold positions are aligned with the bullish trend rather than positioning for a reversal.
Despite the pullback in volume and open interest, the funding rate reflects continued Optimism in the market, showing that sentiment remains favorable for Litecoin’s upward trajectory.
