Litecoin Price Analysis: Bullish Breakout Signals Short-Term Surge Toward $134

Litecoin's technical breakout suggests traders are positioning for a rapid climb—targeting that $134 resistance level like it's going out of style.

Momentum Builds

The charts don't lie—LTC's recent pattern screams bullish. Breaking through key resistance levels with conviction, it's attracting both day traders and long-term holders betting on the next leg up.

Short-Term Targets

All eyes are on that $134 mark. If volume holds and buyers keep pushing, we could see a textbook rally play out. Just another day in crypto—where 'technical analysis' sometimes feels like reading tea leaves with extra steps.

• Litecoin is trading at $113 with a rising 24-hour trading volume.
• Long-term charts highlight an attempt at a symmetrical triangle breakout.
• Price action suggests a bullish push toward the $128–$134 resistance zone.
• Long-term targets suggest potential growth toward $410.

Litecoin (LTC) is picking up steam with a surge in its price as the crypto sector is gradually growing. Over the past 24 hours, the asset has shown stability, but its weekly gain is 1.94%. At press time, LTC is trading at $113.24. The trading volume surged 76.21% in the last day, reaching $575.97 million, while the market capitalization stands at $8.63 billion.

This surge in trading activity suggests that investor confidence remains intact even in the face of slight price weakness. Analysts point out that the recent climb toward the $124 level nearly met earlier price expectations of $128. Although resistance capped the move, buyers remain active, which keeps the market outlook constructive.

LTC Short-Term Chart Patterns Signal Buyer Momentum

According to the crypto analyst, on the 4-hour LTC chart, the price hovers near $113.03, just below a key resistance zone. A breakout from the $109–$114 range has shifted momentum in favor of buyers, with higher lows indicating strengthening demand. Analysts believe this setup could push Litecoin toward the $128–$134 supply zone, a historically strong resistance band.

The projected path suggests a potential test of this zone before a rejection or breakout occurs. A breakdown may lead to a MOVE lower toward $106.60, a support level that formerly acted as resistance. Traders closely watch the area as a reversal point in candlestick patterns or indicator divergence. The outcome will most likely define Litecoin’s next short-term move.

Long-Term Outlook Shows Symmetrical Triangle Breakout

Moreover, another crypto analyst, Jonathan Carter, zooming out to the weekly timeframe, shows a more positive picture. The chart shows a symmetrical triangle formation that has developed since mid-2021. Currently, LTC is testing the upper edge in the range of $114–$115, which aligns with the 50-week moving average. Confirmation above it through a breakout could initiate a larger upswing.

If sustained, the next resistance sits between $140 and $155, and the next target rises through $265–$285. The analysts verify that volume above $150 is pretty light, and thus price could move swiftly once through it. Litecoin could potentially be aiming at $410 in a longer-term bullish scenario, equaling its 2021 macro high.

Support remains solid in the range of $85 and $105, offering a bottom in case momentum drops. Since there are still neutral RSI readings, the currency can still move up without causing near-term overbought conditions. Litecoin, in general, stands at a critical point, and the present composition suggests the possible initiation of a long-hoped-for bull cycle.