LTC Holds Key Level as Uptrend Gains Strength

The LTCUSDT LTCUSD chart is showing a strong bullish structure after breaking above the $115 resistance, which is now acting as support. The price is currently testing this level, and as long as it holds, the bullish outlook remains intact.

From a technical perspective, Litecoin is trading above the EMA ribbon, and the ribbon itself is sloping upwards, reinforcing the ongoing uptrend. Additionally, the True Strength Index (TSI) is above the zero level and its moving average, indicating strong bullish momentum and increasing the probability of further upside.

With the $115 level confirmed as support, the next key target is at $225, where a significant resistance zone is located. If buying pressure continues, this would be the next logical area for price to test.

👨🏻‍💻💭 Will LTC hold $115 as support and continue toward $225, or is a deeper retracement needed first? Let me know your thoughts and let’s discuss!
__
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.