Litecoin nears $110 resistance as whales accumulate and Funding Rates hit record highs.

Litecoin nears $110 resistance amid bullish signals: whale accumulation, exchange outflows, and a double bottom pattern suggest upside potential. A breakout could target $130, but leverage risks remain.

Litecoin [LTC] has climbed steadily to challenge a key on-chain resistance zone between $107 and $110, where over 3.9 million LTC were previously acquired by 131,970 addresses. 

However, this zone could trigger significant selling pressure, especially from addresses that are nearly at breakeven. 

The dense supply wall may stall upward momentum unless broader market sentiment and demand shift decisively. 

As a result, the next few sessions are likely to be pivotal in determining whether Litecoin extends its rally or faces rejection.

According to CoinGlass, the derivatives market reflects strong bullish conviction, with the OI-Weighted Funding Rate hitting a record high of 0.0416% at press time.

This level signals excessively long positioning among traders expecting a continued uptrend. 

However, such extreme sentiment often precedes sharp corrections if the price fails to break resistance.

Therefore, while the surge in Funding Rate underscores speculative momentum, it also increases downside risk.