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08/05 07:59

Can Litecoin Price Smash Through $140? Currently

Can Litecoin Price Smash Through $140?

Currently LTC price is stuck within a symmetrical triangle in the long term, and hence, a breakout could clear a strong resistance at $140. The chart patterns and indicators suggest an upcoming breakout; however, the token may encounter significant obstacles in reaching $150, which could alter the Litecoin price rally. 

As seen in the above chart, the token is testing the resistance of the decisive symmetrical triangle. It faced consequent rejections in the first few weeks of 2025 after reaching the resistance, and hence, the current breakout could ease the bearish hold over the token. The RSI is incremental and appears to be primed to enter the overbought zone. With this, the price could remain elevated and hit the Supertrend at $128.92. Once the price surpasses this level, the supertrend is expected to flip bullish, marking the beginning of a fresh bullish wave. 

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