Litecoin (LTC) Bullish Continuation: The Next Leg to $132.63 Is In Sight
Quick overview
- Litecoin (LTC) is showing bullish momentum, currently trading around $113.71 and aiming for a critical resistance level at $132.63.
- The price action reflects a classic ascending triangle pattern, indicating a potential breakout if it surpasses the resistance at $113.92.
- Litecoin's network fundamentals are strong, with over 20% of transactions utilizing the MimbleWimble privacy layer and consistent daily transaction counts exceeding 140,000.
- A confirmed breakout could lead to a significant price increase of 16-18%, setting the stage for long-term accumulation.
Litecoin (LTC) continues to validate the bullish structure we highlighted in our previous July 3 analysis — and with price action unfolding in line with our forecast, the next critical resistance level at $132.63 now appears increasingly attainable.
As seen in the Daily and Weekly charts, LTC has been climbing steadily after rebounding off the mid-June lows near $72.12, a zone aligned with the 61.8% Fibonacci retracement from the previous bullish leg. This bounce marked a classic golden ratio pivot, sparking renewed bullish momentum that has continued through July.
Current Technical Setup: Eyes on the Inflection Point
On the Daily Chart:
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LTC is currently trading around $113.71, just above the short-term key support of $110.25.
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Notably, the next short-term key-resistance is around the corner at $119.63.
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The structure reflects a bullish consolidation just beneath the resistance ceiling — a classic ascending triangle pattern, often a precursor to breakout rallies.
On the Weekly Chart:
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LTC is challenging the intermediate resistance and inflection point at $113.92.
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This level is a critical juncture: a Weekly close above this zone would represent a definitive bullish breakout, potentially removing the final obstacle toward the major long-term resistance and our official target at $132.63.
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The protective stop-loss remains ideally placed just under $106.45, guarding against volatility-induced shakeouts.
Given these dynamics, the current situation is a “make-or-break” inflection point for Litecoin. However, the trend and momentum indicators continue to favor the bulls. A clean breach above $113.92 should ignite the next leg higher.
Projected Move: Breakout Toward $132.63
A successful breakout above $113.92–$119.63 could unleash a rapid push to the major resistance zone of $132.63, representing:
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A potential 16–18% upside from current levels.
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A critical retest of the 2024/early-2025 high zone, where prior rejection occurred.
This breakout would also mark the completion of a mid-term bullish reversal structure, potentially setting the tone for longer-term accumulation and breakout beyond $140 if market conditions remain favorable.
Litecoin Ecosystem & Technology Update
Beyond price action, Litecoin’s network fundamentals and ongoing ecosystem upgrades continue to provide strong tailwinds:
MimbleWimble Privacy Layer Gains Adoption
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The MimbleWimble Extension Block (MWEB), designed to enhance transaction privacy and scalability, has seen a notable increase in use across wallets and exchanges.
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More than 20% of all LTC transactions in July utilized MWEB — a positive sign for Litecoin’s appeal as a privacy-enhanced medium of exchange.
Network Usage Remains Strong
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Litecoin’s daily transaction count has maintained a consistent level, often exceeding 140,000 transactions per day.
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The network remains one of the cheapest and fastest among UTXO blockchains, with average fees well below $0.01 — a critical advantage during peak congestion on other chains.
New Payment Integrations
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Litecoin continues to see integration with major global payment platforms. Most recently, NOWPayments and BitPay expanded merchant coverage for LTC, reinforcing its position as a “spendable” crypto.
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New DeFi bridges and synthetic asset platforms now allow Litecoin to be used in staking and yield-generation products across multiple EVM-compatible chains.
Conclusion: Bullish Thesis Firmly Intact
The technical picture and ecosystem developments paint a bullish scenario for Litecoin. The price is pushing against a critical resistance wall at $113.92. A confirmed breakout here would clear the way to our longstanding target at $132.63.
Key Levels to Watch:
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Immediate resistance: $114.67–$119.63
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Breakout confirmation: Weekly close above $113.92
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Target: $132.63
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Protective stop: $106.45 (maintained from previous setup)
Barring unexpected macro reversals, Litecoin remains positioned for a bullish continuation, and the probability of hitting the $132.63 target in the coming weeks is rising.
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