Litecoin (LTC) Price Analysis: Overcomes $105 Resistance with $140 Target

Litecoin (LTC) continues its impressive bullish momentum, breaking above the $105 resistance level. The current price of $104.61, with a gain of 10.38% in the last 24 hours, signals strong growth potential. Here’s the updated analysis:

Key Points

  • LTC breaks above the $77-$79 support zone, confirming an uptrend.
  • The next major resistance level is at $140.
  • The integration of MimbleWimble and Grayscale‘s investments fuel bullish sentiment.

  • Major Network Update with MWEB, Litecoin dominates cryptocurrency payments.

Updated Technical Analysis

With the break above $105, Litecoin reinforces the bullish outlook. If this momentum continues, LTC could target the $140 level, with a potential gain of more than 30%. The key support levels to monitor are $77-$79 and $80 (for short-term positions

What Is Driving This Surge?

These fundamental developments underpin LTC’s rally:

  • MimbleWimble integration: Improves privacy and scalability, attractive to new users and investors.
  • Grayscale investments: Institutional interest increases confidence and long-term growth potential.
  • While Litecoin asserts itself as a leader in cryptocurrency payments, its upcoming MWEB update promises to redefine scalability and privacy in digital currencies.

Important Note

This analysis does not constitute investment advice. Cryptocurrencies are highly volatile: do your research and weigh your risk carefully before investing

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