LTC is currently exhibiting strong bullish momentum after successfully breaking and closing above its previous lower high — a key structural shift indicating a potential trend reversal.
A major confirmation comes from the EMA crossover, which has historically acted as a powerful signal for LTC. In past cycles, LTC has shown high respect for EMA crossovers, both bullish and bearish. This time, the recent bullish EMA crossover is signaling sustained upward momentum.
On the fundamental side, Litecoin continues to hold a solid position in the crypto space with consistent development, a loyal community, and increasing adoption, especially due to its lower fees and faster transaction speeds compared to Bitcoin.
Given the strong technical structure, historical EMA behavior, and solid fundamentals, a move towards the $120 level seems not only likely but could be reached with relative ease if the current momentum sustains.
A major confirmation comes from the EMA crossover, which has historically acted as a powerful signal for LTC. In past cycles, LTC has shown high respect for EMA crossovers, both bullish and bearish. This time, the recent bullish EMA crossover is signaling sustained upward momentum.
On the fundamental side, Litecoin continues to hold a solid position in the crypto space with consistent development, a loyal community, and increasing adoption, especially due to its lower fees and faster transaction speeds compared to Bitcoin.
Given the strong technical structure, historical EMA behavior, and solid fundamentals, a move towards the $120 level seems not only likely but could be reached with relative ease if the current momentum sustains.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.