1. Why is Litecoin (LTC) considered bullish right now?
Litecoin recently broke out of a descending wedge pattern and reclaimed key Fibonacci and EMA levels, showing strong bullish momentum.
2. What are the current price targets for Litecoin?
Immediate resistance lies at $98.36, with upside targets at $102.93 and $107.11 based on technical projections.
3. What technical indicators support the bullish case?
Litecoin is trading above its 20, 50, and 200-day EMAs, and the RSI is near 64, indicating strength without overbought conditions.
4. Where is the critical support zone for LTC?
The $90-$92 range is a key demand zone, supported by a bullish fair value gap and structural flip confirmation.
5. Could Litecoin fall below support again?
If the $90 zone fails, downside could extend to $89.89 (200 EMA), weakening the short-term bullish outlook. However, current momentum remains positive.
