#LTC looks so awesome here to buy 105/120
2025-02-15
Category: None

### Litecoin (LTC/USD) Technical Analysis

Current Chart Overview:
The daily chart for Litecoin (LTC) reveals a significant shift in price dynamics. Following a breakout below the moving average lines on February 3rd and a downward move to a low of $80, strong buying pressure has emerged, indicated by an extended candlestick tail touching this support level. This suggests that buyers are keen on defending the $80 support, while the current price action has developed a range-bound behavior above the critical $100 level.

- Anticipated Movement: If Litecoin can successfully breach the 50-day SMA, we may see the price progress towards a high of $134. Should the bulls maintain this upward momentum, a retest of the significant resistance at $135 and possibly the previous peak of $141 would become viable targets. 

Target Levels:
- Short-Term Targets: 130 / 135 / 145
- Mid-Term Targets: 155 / 165 / 175
- Long-Term Targets: 185 / 200 / 225

