After several days of price movement within a defined range, Litecoin (LTC) could be gearing up for another upward push. According to analyst Ali (@ali_charts), the key to a potential rebound lies in holding above a crucial support level.
At the time of writing, the LTC price is hovering around $109.97. While this represents a slight decline from earlier highs, the structure of the chart shows a broader consolidation pattern. For Litecoin to regain bullish momentum, Ali emphasizes that it must stay above the $108 support zone. This level has acted as a floor during recent dips and could be the launchpad for a fresh rally.
Looking at the chart shared by Ali, the price has bounced off the $108 area several times in the past week. This repeated defense indicates that buyers are stepping in when LTC dips below $110. If this level holds firm again, it could set the stage for a run back toward $115 or even higher.
Next Litecoin Price Targets: $115 and $120
Ali points out that if the $108 support level is respected, Litecoin could climb back to $115 in the short term. This level is not random. It aligns with a mid-range resistance zone where LTC faced repeated rejection over the past several days.
Beyond $115, the next important level to watch is $120. This price target would signal a stronger shift in market sentiment and could attract even more attention from traders and investors. However, Ali cautions that these targets are only realistic if Litecoin holds above support and starts forming higher lows from this point.
The chart shows that LTC’s most recent drop found support just above $108, and there’s already a small bounce forming. This early reaction could suggest that buyers are preparing for a new move upward, though confirmation is still needed.
What the LTC Chart Says About Momentum
The chart shared by Ali reveals a market that has seen both sharp rejections and strong recoveries in the past week. Prices briefly rose above $118 before retreating, then attempted to stabilize around $114 and $115. But once that mid-range broke, the Litecoin price fell quickly to test $108 again.
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The next few candles will be critical. If Litecoin can build a higher base here and push back through $113 or $114, it will strengthen the case for a bullish breakout. On the other hand, a breakdown below $108 could send LTC to lower levels not seen on the chart since early July.
Ali’s call for a rebound to $115 or even $120 depends heavily on this near-term support holding up. Traders watching the LTC price will likely pay close attention to the $108 line as a make-or-break level.
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