- The token price might begin a bullish uptrend for the $140-$145 zone once it maintains a continuous breakout at $136.
- The high number of Litecoin holders currently exceeding 8.1M million users supports a positive outlook for its long-term success while the record high hash rate further indicates growing market confidence.
- If $136 remains an impenetrable resistance point then Litecoin could retreat toward $114 or $105 before trying another upward thrust.
Digital currency prices have seen a significant downturn in recent weeks, with industry projections suggesting a continued bearish trend and no immediate signs of recovery. This decline has erased much of the value previously gained by major cryptocurrencies, including Litecoin ($LTC).
As of the latest data, Litecoin is trading at approximately $119.77 , reflecting a 8.0% decrease. The price movement has been marked by fluctuations between key support and resistance levels, with recent sell signals appearing around the $131.20 mark. A previous buy signal emerged when Litecoin found support below $114.37, fueling a recovery that led to the current price range.
Litecoin Eyes Breakout: Will $136 Resistance Hold or Fail?
The next significant price movement for Litecoin ($LTC) depends on its ability to break through an important resistance barrier at $136. According to analysts Ali ,Litecoin $LTC to confirm a bullish breakout, it must sustain a daily candlestick close above $136.
For #Litecoin $LTC to confirm a bullish breakout, it must sustain a daily candlestick close above $136! pic.twitter.com/R2H2LlrY0z
— Ali (@ali_charts) February 28, 2025
A bullish breakout for Litecoin would become confirmed if it breaks above $136 in a single trading day thus beginning an expected journey towards the $140-$145 price range. The main resistance points exist at $114 alongside $105. Should Litecoin successfully close above $136, bullish momentum could drive prices higher in the short term.
Litecoin Hits 8.1M Holders as Hashrate Surges to Record Highs
The adoption of Litecoin ($LTC) has gained momentum because it now exceeds 8.1 million holders. Over the past 24 hours the network gained 12000 new investors which created a new high in network ownership statistics.
This growing confidence in Litecoin is complemented by record-breaking hashrate levels and increased scarcity, setting the stage for potential price movements in the coming weeks.The increasing number of holders suggests rising confidence among retail and institutional investors. With strong fundamentals and a historical tendency for sharp rallies following accumulation phases, Litecoin remains a key asset to watch
