Litecoin price is showing signs of a potential breakout as it approaches the $141.47 resistance level. The cryptocurrency has formed a cup and handle pattern, a widely recognized bullish structure that often signals upward momentum.
Key Takeaways:
Litecoin price is nearing a crucial resistance level, setting the stage for a potential breakout or a critical pivot point.
Technical indicators, including RSI, MACD, and CVD, align with the bullish narrative, suggesting an increasing demand.
If LTC price breaks above $141.47, it could rally toward $162.07 and further up to $182.62.
Failure to penetrate the resistance may trigger a pullback to the $100 support zone.
Growing open interest in Litecoin futures indicates increasing market participation.
Chances of approving Litecoin ETF by 2025 are optimistic, according to Polymarket data.
The views expressed in this article are solely those of the author and do not constitute financial advice.
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