Last week, Litecoin (LTC) experienced a strong bullish trend in the market, gaining approximately 23% as its price rose from around $95 to $117. Throughout the week, LTC traded in a range of $111 to $121, reflecting high volatility and increasing interest in the market. Technical indicators mostly pointed to strong buying, particularly on daily charts, supported by bullish momentum and positive price action. Key support levels were identified at $100, $90, and $76, while significant resistance was observed at $121 and $140. Although short-term sentiment remained optimistic, the increase in selling volume and institutional outflows introduced a note of caution. If LTC breaks above the resistance of $121, it could head towards the range of $130–$140; however, failing to maintain current levels could trigger a correction towards the $100 mark. Overall, Litecoin showed solid performance with potential for further gains, depending on broader market movements and the direction of Bitcoin.
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