Litecoin broke above the crucial resistance level of 113 USD, targeting potential prices of 199 USD, 243 USD, and 282 USD. This breakout is supported by a long-term ascending triangle pattern that typically signals the continuation of an uptrend. Analysts highlight that maintaining momentum above 113 USD is essential for bullish trends.
Despite a 3.53% increase in active Litecoin addresses, a 6.16% decline in new addresses suggests varying market sentiment. RSI is neutral at 55.01%, while the MACD indicates weak bullish momentum. Analysts warn that overcoming resistance at 120 USD is critical for advancing towards the identified price targets.
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