- Litecoin has broken above the key $80 resistance level, signaling strong bullish momentum and the continuation of its upward trend.
- The cryptocurrency is now targeting $87.95, with potential to rise further toward $95.00 if market sentiment remains positive.
Litecoin Breaks Key Resistance at $80: A New Wave Unfold
Litecoin (LTC) has ignited bullish enthusiasm among traders after breaking decisively above the round resistance level of $80.00—a level that previously capped gains in early April. This breakout has signaled the continuation of an active short-term impulse wave 3, part of a broader upward trend that began in early April from a solid base near $65.00. The move also cleared the 50% Fibonacci retracement level of the March downtrend, reinforcing Litecoin’s bullish technical setup.
Targeting $87.95: A Critical Resistance Turned Magne
All eyes are now on the $87.95 resistance zone—a former strong support level that played a pivotal role between November and March, repeatedly reversing bearish attempts. If Litecoin can reach and convincingly break above this barrier, it would confirm the strength of the current bullish wave and open the door for further gains. The next notable resistance target lies at $95.00, a level that could be within reach if bullish momentum continues.
Market Sentiment Turns Positive Across Crypto Sector
Litecoin’s breakout isn’t occurring in isolation. A broadly bullish sentiment is sweeping across the cryptocurrency market, further supporting LTC’s technical trajectory. The positive momentum is drawing both retail and institutional attention, fueling optimism that Litecoin may extend its rally toward new short-term highs.
Bulls in Control as LTC Eyes Higher Levels
With momentum on its side and technical indicators flashing bullish signals, Litecoin looks poised to continue its upward path. A move toward $87.95 appears increasingly likely, with $95.00 in sight if the rally holds. As the broader crypto market firms up, LTC could remain one of the key altcoins to watch in the days ahead.
