- Litecoin has struggled to break a long-held resistance, but recent bullish signals, including rising liquidity and ETF speculation, could fuel a major rally.
- The LTC/BTC pair is showing strength within a rising parallel channel, with technical indicators (MACD and OBV) now pointing to renewed bullish momentum.
- After a recent sell-off that dropped LTC to $106, a strong rebound—with a 15% surge and a 50% spike in volume—has set the stage for a breakout above the $150 level.
Litecoin is slowly gaining traction among market participants as it seeks to break through a resistance level that has held firm for years. Despite multiple failed attempts recently, the token is now showing signs of renewed strength—thanks in part to growing speculation around a spot LTC ETF, which received acknowledgement from the SEC.
This has positioned Litecoin as one of the most bullish charts in the market, outperforming other tokens against USDT and exhibiting considerable strength relative to Bitcoin.
Litecoin trading within a rising parallel channel
The LTC/BTC pair is now trading within a rising parallel channel, with the recent upswing pushing the pair above average levels.
The MACD, after initially flipping to a bearish signal, has quickly turned bullish and remains in the positive range, while the OBV continues to rise steadily, indicating a constant inflow of liquidity. Together, these factors suggest that Litecoin is gaining strength against Bitcoin—a clear sign that a strong bullish trend may be underway.
During the recent sell-off, Litecoin’s price dropped to $106, but with strong backing by bulls, it rebounded with a surge of over 15%. Additionally, trading volume spiked above $2 billion with a notable 50% increase, hinting at mounting buying interest and an ascending trend.
Currently, LTC is trading within an ascending triangle, with a resistance zone between $136 and $140 that has historically pushed the price lower. However, bullish signals such as a MACD crossover and a bullish reversal in OBV indicate that the token is ready to test and potentially break through this barrier.
If the bulls manage to secure a decisive breakout above the resistance—particularly if the price can close above the interim level of $144—there is a strong possibility that Litecoin could rally beyond $150. Should the price move past $154, the bullish momentum could take over entirely, setting the stage for a move toward all-time highs reminiscent of the levels seen in December 2021.
