Litecoin Clings To Ascending Trendline As Bulls Eye $135 Breakout

Litecoin (LTC) is showing strength as it holds onto its ascending trendline, maintaining bullish ￰0￱ holding above the $112–$115 demand zone, buyers continue to defend key support levels, positioning the market for further ￰1￱ immediate targets around $120–$125, a breakout above this range could clear the path toward the highly anticipated $135 ￰2￱ Technical Alignment Signals Strong Bullish Case In a recent X post, Alpha Crypto Signal, a cryptocurrency market analysis group, has noted that LTC is exhibiting a robust and healthy structure, indicating a potential long ￰3￱ to the analysis, LTC is holding strong above its ascending ￰4￱ is also retesting the $112–$115 demand zone, a price range where buying pressure is expected to be ￰5￱ Reading: Litecoin Structural Integrity: Long-Term Trendline Remains Unbroken Since 2020 The crypto analyst’s analysis further emphasizes the importance of key moving averages, noting that LTC is positioned precisely on top of the 9-day Exponential Moving Average (EMA) at $112.68 and just below the 50-day Simple Moving Average (SMA) at $115.25.

Both of these moving averages are acting as dynamic support levels, which provide a solid foundation for the cryptocurrency’s ￰6￱ confluence of technical factors, as identified by Alpha Crypto Signal, adds significant weight to the bullish case for ￰7￱ horizontal demand block, combined with support from both the EMA and SMA, creates a strong technical picture that suggests the cryptocurrency is well-positioned for a potential price ￰8￱ Support At $112 Holds Bullish Bias According to Alpha Crypto Signal, the bullish outlook for Litecoin remains intact as long as it holds its position above the $112 ￰9￱ support level is considered a crucial threshold; maintaining it would indicate that the current market structure is favorable for a continued upward trend towards targets of $120–$125.

Related Reading: This Litecoin Indicator Just Crossed A Critical Level — Here’s What Happened Last Time Alpha Crypto Signal’s analysis also outlines what a significant breakout could mean for LTC’s price. A decisive move and clean break above the $120–$125 resistance zone could pave the way for a more substantial ￰10￱ would potentially unlock a path toward the next major price target of $135 or even higher, signaling strong momentum for the cryptocurrency. However, the crypto expert also specifies the conditions that would invalidate this positive ￰11￱ bullish long setup would be at risk if LTC were to experience a breakdown below the $110 support level.

A drop below this point would not only threaten the current trendline support but would also cast doubt on the overall bullish structure, suggesting a potential shift in momentum to the ￰12￱ image from Adobe Stock, chart from ￰13￱