Litecoin Soars: LTC Eyes $87.40 as Bullish Momentum Explodes

Litecoin's engines are firing. The silver to Bitcoin's gold isn't just holding ground—it's charging toward a critical target, with $87.40 firmly in its crosshairs.

The Technical Thrust

Forget sideways action. The charts are painting a clear picture of building pressure. Key resistance levels are being tested, not with a timid tap, but with sustained buying volume that suggests this isn't a fleeting pump. The move signals a shift in trader sentiment, from cautious accumulation to aggressive positioning.

Why This Target Matters

Hitting $87.40 isn't just another number on a screen. It represents a decisive breakout from a consolidation pattern that has trapped price action for weeks. A clean breach here opens the door to significantly higher valuations, potentially triggering a wave of algorithmic buys and renewed institutional interest—or at least, the kind that gets tweeted about by finance bros who still think 'HODL' is a viable investment strategy.

The momentum is undeniable. While traditional markets fret over quarterly earnings and central bank whispers, Litecoin is doing what crypto does best: cutting through the noise and moving on pure, unadulterated market mechanics. Watch that $87.40 level. A close above it doesn't just confirm the trend; it declares open season.

Litecoin (LTC) Eyes $87.40 After Bullish Breakout

The crypto analyst, Crypto Patel, highlighted that Litecoin (LTC) is showing strong bullish indicators on its daily chart, which confirms the ongoing trend with higher highs and higher lows. It is also reacting to a crucial order block in the demand area, which will help to push the price upwards. Taking the current week’s low liquidity into account will minimize risks, and there’s a ‘liquidity pull’ above the high points.

Source: X

The best long entry WOULD be at a price of approximately $79.00, with a stop loss of $75.00, targeting prices of $81.80, $84.50, and $87.40. A bullish reaction within the order block of the price of $79.00 should confirm the entry. Risk management is essential in the trade, with partial profits taken at each target.

Technicals Indicates an Accumulation Phase Before Breakout

Litecoin on the weekly chart remains in a range around $82, within the wider bounds of $65-$120. Currency price movements have indicated a rejection of the resistance area of $110-$120 and a consolidation around the midpoint support area of $75-$80. This indicates a flat to slightly bearish market outlook.

Source: TradingView

Momentum traders have a bearish bias, as the MACD is below the signal line with a widening bear histogram, indicating further downward pressure. The RSI is seen close to 42, which is below the middle level of 50, indicating a non-oversold condition. It can be perceived that Litecoin is trading within a corrective or accumulation phase.

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