Key Insights:
- Litecoin is consolidating above $80, setting the stage for a potential breakout toward $113.7.
- A confirmed break above $87.80 could open the path to $95 and $103.5 levels soon.
- Bitcoin’s movement remains crucial, but LTC structure signals upside continuation if support holds.
Litecoin (LTC) was priced at $81.89, showing a slight decrease over the past day, but still up over 2% this week. The price is sitting just above the $80.00 mark, a level that has consistently shown demand in recent sessions. Buyers have stepped in near this zone multiple times, preventing further downside.
A recent move swept below earlier lows before bouncing back, which caused a break in the existing trend structure. This shift took place at $87.80, a price now being watched closely. The reaction above this level is considered a key point in determining the next move. Traders have set $76.70 as the level where the current structure would no longer hold.
Levels Traders Are Watching
The next test for price is the resistance around $86.60. If this level breaks, momentum could carry LTC toward $95.00. From there, the next levels being marked on charts are $103.50 and $113.70. These are previous highs and areas where orders may be sitting.
A trader noted, “The upside draw is clear: 95 → 103.5 → 113.7.” These levels aren’t just technical—they reflect zones where price has reacted in the past. Moves into those areas often see high activity, especially if supported by broader market strength.
Source: Crypto patel/XBroader Market Influence
Litecoin has been trading in line with the wider crypto market, particularly Bitcoin. While Bitcoin has led most of the recent action, Litecoin has shown slightly more stability. The LTC/BTC pair has not dropped sharply, which may suggest that LTC is holding its ground better than other altcoins.
One analyst mentioned,
The weekend focus remains on short-term charts to spot quick moves, but any sustained breakout will likely need confirmation from Bitcoin’s direction.
Risk Zones Still in Play
While the short-term setup leans higher, caution remains around the $80.00 level. A drop below that brings $75.00 into view. If selling increases, deeper support lies near $68.00 and $56.00. The market has tested these levels in the past, and they remain valid areas of interest.
The range is still intact, but the setup suggests that if LTC clears the nearby resistance, the path toward $113.70 is possible. Until then, traders are watching closely, waiting for clear direction before committing to the next move.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/litecoin-breakout-imminent/
