Litecoin (LTC) Gains Momentum: Technical Signals Point to a $120 Upside Target

Litecoin’s chart just flashed a buy signal that has traders scrambling.

The Setup

Forget the noise—the weekly chart is telling the real story. A key momentum indicator just crossed its signal line, a classic bullish trigger that historically precedes significant runs. Volume is confirming the move, ticking up as price pushes against a major resistance zone it hasn't seen in months.

The Target

Technical analysis isn't about guessing; it's about measuring. The pattern forming on LTC's chart projects a clear path to the $120 level. That's the next major liquidity pocket, a price point where sell orders traditionally cluster—and where breakouts either accelerate or fail spectacularly. All eyes are on whether it can hold above the $95 support on any retest.

The Bigger Picture

This isn't happening in a vacuum. While the 'digital silver' narrative gets trotted out by marketing teams, the on-chain data shows something simpler: accumulation. Large wallets are adding positions quietly, a sign that smart money sees value before the retail herd catches on—or gets lured in by another influencer's 'generational buy' call that conveniently ignores transaction fees and network congestion.

If the bulls hold control, $120 isn't just a target; it's a statement. A clean break there opens the door to a much larger revaluation. But in crypto, the only thing more predictable than a promising chart is a sudden, violent reversal that wipes out leveraged positions. Trade the signal, not the hype.

Price Action Reflects Cautious Stability

LTC on the 2-day chart remains in a clear bearish structure. Price has printed consistent lower highs and lower lows since the October peak NEAR $120. The SMA ribbon (20/50/80/100) is fully above price and sloping down, confirming trend weakness. Current action reflects stabilization, not reversal, within a broader downtrend.

Price has just bounced from the lower Bollinger Bands at $73-$75, suggesting mean reversion. Volatility has been decreasing because candle sizes are decreasing, implying lower selling momentum. Nonetheless, price is still below the midpoint and moving averages, suggesting that this bounce lacks momentum. This suggests that it could be consolidating or experiencing a corrective rally.

Major support sits at $73-$75, and there is potential downside risk below this level. The first barrier is at $80-$82, and a stronger barrier is a MOVE below $86-$87 (50-day SMA). Strong support is also between $91-$100, and there is a strong supply above. There is a macro-level target at $104-$120 if the trend changes.

Momentum Near Neutral Signals Market Balance

The RSI (14) is currently around the 44 area, which is below 50. This indicates a bearish momentum. On the other hand, the RSI is currently recovering from the recent low points at around mid-30s, suggesting a possible easing of selling momentum. The RSI is currently at a neutral area, but it is likely to switch to a possible buying momentum if buying power continues to build up.

The MACD remains in the negative region, and this indicates a continuation of the overall bearish trend. The histogram has turned slightly positive, and the MACD is approaching the signal line. This indicates a weakening in the bearish trend and an early sign of a potential bullish reversal.