Litecoin Readies For Next Leg Higher As LTCBTC Tightens Beneath Range High

According to a recent post by CryptoWzrd, the daily technical outlook for Litecoin is aggressively bullish, with the crucial LTC/BTC pair spiking sharply upside, signaling a major injection of ￰0￱ And LTCBTC Close Bullish, Setting Stage For Further Upside Presenting his technical outlook, CryptoWzrd highlighted a strong bullish performance from Litcoin, noting that both the LTC/USD and LTC/BTC pairs closed with impressive upward ￰1￱ explained that most of Litecoin’s strength came from a sharp spike in LTC/BTC. The synchronized move between the two pairs reflects renewed buying interest and suggests that bullish sentiment is building in the short ￰2￱ Reading: Litecoin 2M Bollinger Band Width Hits New Lows, CMT-Certified Analyst Reveals What It Means According to CryptoWzrd, the next key step for LTC/BTC is to break out of its range high, a technical milestone that could unlock further upside for Litecoin.

A successful breakout from this structure may serve as the trigger for a rally toward the $112 resistance level, or even higher if momentum ￰3￱ analyst also underlined the importance of holding above the $96 support zone, making it a key level that sustains Litecoin’s bullish ￰4￱ price stability above this mark would reinforce the positive outlook and prevent a return to bearish ￰5￱ this level, however, could signal weakness and limit the potential for a continued advance in the near ￰6￱ ahead, CryptoWzrd expects heightened volatility to persist. Thus, he revealed that his focus will shift to lower time frame chart formations in the upcoming sessions, where he plans to identify and execute quick scalp setups as price action ￰7￱ approach reflects his tactical trading style, aiming to capitalize on short-term movements while keeping a close eye on broader breakout ￰8￱ Reigns As Litecoin Holds Bullish Tone On Intraday Charts In conclusion, CryptoWzrd noted that Litecoin’s intraday chart displayed strong bullish behavior accompanied by heightened volatility throughout the ￰9￱ rapid price swings reflected increased trader activity and growing market momentum, suggesting that LTC could be setting up for another significant short-term ￰10￱ Reading: LTC Price Soars 11% to $129: Analysts Eye $135 Breakout as ETF Approval Buzz Grows He explained that while a brief pullback below the $101.50 support level is possible, such a dip may simply serve as a temporary correction within the broader bullish structure.

A renewed breakout above this level would likely present fresh long opportunities, signaling a continuation of Litecoin’s upward ￰11￱ also emphasized that Bitcoin’s price action will play a critical role in shaping Litecoin’s next ￰12￱ LTC often reacts to BTC’s broader market moves, strength or weakness in Bitcoin could directly influence whether Litecoin extends its rally or consolidates ￰13￱ image from iStock, chart from ￰14￱