Litecoin Price Breaks Resistance, Can the Rally Rise Above $134?

The past 24 hours have seen Litecoin make a remarkable move, breaking well above its previous resistance. And drawing significant attention from both short-term traders and long-term investors. What’s exciting isn’t just the scale of the surge, an 8.80% jump in one day, with momentum overtaking its weekly and monthly trends. 

But the convergence of multiple bullish signals that have put LTC squarely in the spotlight. This rapid ascent is being fueled by ETF approval optimism, a technical breakout, and notable institutional strategies that signal confidence in Litecoin’s future.

LTC Price Analysis

Looking at the technical setup, the price of Litecoin has convincingly broken past the critical swing high at $127.45. Currently trading above its 7-day SMA of $119.97 and its 30-day SMA of $113.88. The RSI for 14-day reads 68.09, indicating strong momentum that’s not yet in the overbought levels. This balanced drive is pulling in speculative capital while keeping the door open for sustained rallies. 

The MACD histogram at 1.46 further affirms the bullish bias. And Fibonacci extension targets outline a clear potential trajectory toward $134.69 if bulls manage a decisive close above $130. Anyone watching should note that FOMO buying could ensue with another push above $130. But if Litecoin fails to hold $125, swift profit-taking may drag prices back toward support levels.​

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