- Litecoin climbed to $93.17 with a 2.24% gain, breaking out of a consolidation phase
- Bollinger Bands expansion signals rising volatility and a possible continuation toward $96 and $100
- Price is holding above key support at the BB basis and 9-period DEMA, showing strong bullish structure
- The $93.63–$93.92 resistance zone is under pressure, with momentum favoring further upside
Litecoin (LTC) is showing renewed bullish momentum, climbing to $93.17 with a 2.24% gain in the past 4 hours. After a period of consolidation and downward pressure, LTC has reclaimed key resistance levels, hinting at a potential trend reversal. The breakout is backed by a strong technical setup, as indicators suggest growing buying interest and volatility.
Litecoin Breaks Consolidation, Targets $96 and $100
The Bollinger Bands (BB) on the 4-hour chart are expanding after a squeeze phase, signaling increased volatility and a likely continuation of the current move. LTC’s price has moved above the BB basis line at $89.94, suggesting that bulls are taking control. The upper Bollinger Band, currently at $93.92, now serves as the immediate resistance, with a potential breakout targeting the psychological $96 and $100 levels.
Support and resistance levels provided by the multi-timeframe (MTF) indicator highlight a critical resistance zone between $93.63 and $93.92, an area where the price has been repeatedly rejected in May. However, the current breakout attempt looks more convincing, especially with the price trading above the 9-period Double Exponential Moving Average (DEMA) at $92.61. This dynamic support is holding firm, reinforcing the short-term bullish outlook.
On the downside, strong support levels lie at $86.66, $85.96, and $82.01. These zones previously acted as a cushion during early June’s correction and may serve as reliable demand zones if LTC faces another pullback. A drop below the BB basis and DEMA could weaken the current structure, but as long as the price holds above these levels, the bulls remain in charge.
The market structure has shifted favorably, with LTC breaking out of a multi-week consolidation phase. The flip of the $92–$93 zone from resistance into support adds further credibility to the bullish narrative. If buying pressure continues, Litecoin may retest the $96 level in the short term and potentially extend gains toward $100.
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