Litecoin ( LTC ) currently shows bullish signals! $100-$106 is the key support area, with the upward target aimed directly at $140.

Litecoin has recently regained market attention, with its price firmly holding at the key level of $108.78. Several analysts have pointed out a clear trading range and bullish continuation signals at the weekly level, emphasizing that the $100-$106 support zone has successfully been retested. If this area holds, LTC may start a new round of upward movement, aiming to challenge the key liquidity pool at $140.

Analyst Consensus: Weekly Support Confirms Bullish Structure Crypto analyst @DigitalNomad recently tweeted "$LTC one more time!!", and the chart shows that Litecoin is building up upward momentum. @PaxDeFi concurrently pointed out that the weekly chart has formed a clear trading range, with the current price at the discount-level imbalance area, coinciding with the $88-$103 technical support zone, creating a strong positioning area.

Daily Analysis: Breakthrough Pullback Completes Bullish Structure

• Stair-step rise: Since mid-April, LTC has formed a steady rising channel with high points and low points moving up simultaneously.
• Key Breakthrough: After successfully overcoming the strong resistance at $106, it tested back to confirm that this area has transformed into a new support base.
• Defense Level:
  • Primary support: $100-$106 (historical validation multiple times + psychological round number)
  • Ultimate Defense Line: $85-$90 (5-7 month bull market launch platform)

Weekly Outlook: Technical Indicators Aggregate Support for Rise The current pullback is testing the convergence area of three major technical elements:

1. 50% Fibonacci retracement level (from $70 low to $120 high)
2. Price Vacuum Zone (the imbalance area left by the previous rapid rise)
3. Institution Accumulation Zone (Foundation formed at the end of 2023) This area attracts whale addresses to synchronize positions with swing traders, accumulating fuel for a breakout.

Key Target: $140 liquidity pool becomes the bulls' target

• Recent Resistance: $120 (psychological level)
• Core Target: $140-$145 (Multiple equal highs formed in 2024, with a strong liquidity pool above)
• Breakthrough Logic: The sell wall formed at historical highs (order book liquidity) attracts the price to rise.

Conclusion: Litecoin's daily chart has confirmed the effectiveness of the $100-$106 support level, and the weekly technical indicators have aggregated to form a bullish stronghold. If LTC/USDT stabilizes above $106, it will trigger a wave attack towards $120, ultimately challenging the $140 key resistance zone. Traders need to closely monitor changes in trading volume; if the weekly close falls below the $100 mark, caution should be exercised regarding the risk of a deep pullback.