Litecoin Shocks the Cryptocurrency Market with a Clear Bullish Breakout After a Massive 16% Increase in Just the Last Day

The asset has demonstrated exceptional resilience and positive momentum, separating itself from the larger altcoin market. Whales and sharks' activity — wallets containing at least 10,000 LTC — is the main cause of this explosive rally.

Litecoin Surges 16% with Key Resistance at $125

Litecoin price soared by an impressive 16% on Jan. 9, outperforming the broader cryptocurrency market. This surge follows a period of strong accumulation by major cryptocurrency wallets, indicating institutional or whale interest in the asset.

Closely tracking the performance of major digital assets reveals that Litecoin has outperformed the market despite the recent volatility. Notably, LTC price surged by 16% in just 24 hours.

A closer examination of the price chart for Litecoin reveals a rapid breakout from crucial resistance levels, including $111 and $116. This breakout occurred within a few hours, indicating strong buying pressure and a bullish trend.

Analysis of the price chart reveals no immediate signs of a reversal, indicating that the bullish momentum is still strong. Technically, LTC price is trading significantly above its 50-day EMA and displaying a bullish technical pattern that suggests the possibility of further upside potential.

From a short-term perspective, Litecoin outperformed the majority of other digital assets. While other cryptocurrencies experienced mixed performance, Litecoin's sustained rally highlights its ability to decouple from broader market trends.

Furthermore, LTC price surged by 11 hours, leading to a sharp increase in the asset's market capitalization and solidifying its status as one of the best-performing coins.

As Litecoin price continues its rally, the next crucial resistance level for investors to monitor is $125. If Litecoin maintains its momentum and breaks through this level, a push toward $135 or even $150 seems likely. On the downside, it will be crucial to maintain support above $116 in order to keep bullish sentiment alive.

The continuous accumulation by whales and sharks, combined with strong technical indicators, paints a bright picture for Litecoin. If this trend continues, LTC might reach new multi-month highs, enhancing its standing as one of the best-performing assets on the market in 2025.