Litecoin (LTC) Price Approaches Its Biggest Test in Years – Is a Breakout Finally on the Table?

Litecoin price is heading straight into a major resistance zone that traders have had their eyes on for years. After climbing steadily over the past few weeks, LTC is now testing the $110 to $125 range, a level that’s blocked previous breakout attempts time and time again. 

Interest is picking up too. As pointed out by John Kim on X, Litecoin is now one of the top seven assets by 24-hour trading volume (excluding stablecoins), which shows that market attention is growing fast.

According to a weekly chart shared by TheBreakoutZone, Litecoin price is now pressing into a large supply block that has been tough to break in the past. This same area rejected price action earlier in 2024 and has acted as a ceiling for more than three years. It’s become a clear technical wall, and this time, bulls are trying to push through once again.

Source: X/TheBreakoutzone

What makes this level even more interesting is the long-term descending trendline drawn from Litecoin’s 2021 high above $400. LTC price is getting close to that trendline right now. A clean weekly close above $125 wouldn’t just clear horizontal resistance, it would also break that downtrend and flip the overall structure bullish. That’s why many traders see this zone as a key turning point.

Litecoin Momentum Builds Beneath Resistance

Technical momentum is aligning in favor of the bulls. Multiple exponential moving averages are converging just below the resistance zone, creating a tightening EMA stack. This setup is often seen ahead of large breakout moves, especially when paired with rising volume.

A key area of support sits between $90 and $100, where bullish order blocks have repeatedly helped stabilize price. Maintaining levels above $100 is viewed as essential to preserving the higher low structure. According to TheBreakoutZone, this region could act as a launchpad if price pulls back before making a fresh attempt at the breakout level.

Moreover, Litecoin price recent move toward $115 has boosted its market visibility. In a post shared on X, John Kim noted that LTC ranked number seven in 24-hour volume excluding stablecoins. 

The tweet also pointed to a potential $100 million purchase involving one million LTC tokens expected to begin next week. Market participants are monitoring volume trends closely as the breakout attempt approaches.

This build-up in liquidity, combined with the chart setup, places Litecoin in a position where a confirmed breakout could unlock higher targets. Analysts like TheBreakoutZone have outlined a path toward $200 if the weekly candle closes above $125 with conviction.

Read Also: Here’s Why Ethena (ENA) Price Is Pumping Today

LTC Price Key Levels and Market Outlook

For Litecoin to sustain a bullish outlook, it must stay above $100 and break the $125 resistance level. A successful breakout would change the weekly structure and potentially bring long-term momentum back to the asset. 

Until that move is confirmed, traders are treating the $125 level as a resistance ceiling with a history of strong rejections.

The next few weekly closes will likely determine whether Litecoin price reclaims its multi-year trend or faces another rejection at a familiar barrier. As momentum builds and market attention grows, LTC enters a pivotal phase in its long-term cycle.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

CaptainAltcoin
Logo