Litecoin’s Momentum: Breakout or Exhaustion?
Litecoin is currently trading around $128.34, attempting to build strength after recent gains. The Bollinger Bands are tightening, signaling reduced volatility and a potential breakout soon. The next major resistance is at $129.22, where $LTC must break through to continue its bullish trend. RSI is at 53.71, showing neutral momentum, meaning $LTC still has room to push higher before becoming overbought. Volume remains moderate at 9.86K, suggesting buyers are present but not aggressive yet. If $LTC fails to break above $129.22, a retracement toward $127.25 or even $125.27 is likely. However, a strong breakout above $130 with volume could push LTC toward $135-$140 in the near term.