Litecoin Price Eyes Breakout as Bulls Target $130 After 17% Surge

Litecoin (LTC) has captured renewed investor attention after an impressive 17% rebound in just one day, showcasing strong resilience in the crypto market. Currently trading near $101.02, LTC is testing a key resistance level at $102 — a decisive zone that could determine its next major move. A confirmed breakout above this barrier may trigger a bullish reversal, paving the way for a rally toward $130 in the coming weeks. The price structure aligns with a long-term falling wedge pattern, suggesting growing momentum for an upward breakout.

If Litecoin fails to close above $102, however, a temporary pullback toward $85 could occur before buyers regain momentum. Still, the broader technical outlook remains favorable, supported by strengthening indicators. The Directional Movement Index (DMI) shows the +DI at 24.76 surpassing the -DI at 21.92, signaling bullish control. Meanwhile, the Average Directional Index (ADX) at 26.41 confirms an intensifying trend, while the MACD’s bullish crossover further validates increasing market momentum.

Despite mild profit-taking reflected in the Spot Taker CVD data, Litecoin’s price stability near resistance highlights sustained buying pressure. The recent launch of Canary Litecoin ETFs on NASDAQ adds further optimism, signaling increasing institutional demand for LTC. This influx of interest could solidify Litecoin’s breakout potential and drive a sustained rally if bulls maintain control.

Overall, Litecoin’s technical setup points to continued bullish momentum, with growing confidence among traders and institutions alike. A decisive close above $102 could confirm a major trend reversal, setting LTC on course for a strong move toward $130. As market sentiment strengthens and profit-taking stabilizes, Litecoin appears well-positioned to extend its recovery and confirm its next bullish phase.