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Litecoin’s uptrend holds above the trendline support, while whales increase long positions. Liquidity clusters on a $ 137 hint with a breakout, although Stochastic RSI suggests a short-term pullback for possible new annual highlights.
Litecoin [LTC] Strength more than 10% in the last 24 hours, at the time of the press, so that a steady upward trend that has held for weeks.
The prize continued to respect its rising trendline – support – a level that kept bulls in control after the last bouncer near $ 104.
On the daily graph, the momentum is built in a well -known pattern.
Source: TradingView
The stochastic RSI, however, was deep in overbough territory at the time of the press, which indicates possible exhaustion in the short term. Of course this can lead to a short withdrawal before another push is higher.
Liquidity goals set around $ 137
All eyes are now at $ 137 – a level that matches both technical resistance to the daily graph and a significant liquidity pocket on derivatives markets.
The liquidation heat from Coinglass revealed dense liquidation tires stacked between $ 135 and $ 137, indicating a large block of displayed short positions.
These clusters often act as magnets for price action, while market makers push the prices towards them to activate stop lossers and unlock liquidity.
In this case, an outbreak above $ 137 could force a cascade of short liquidations. Given the relatively thin order book conditions above this range, such a movement could quickly accelerate, which means that LTC may threaten to its annual high near $ 147.22.
Litecoin’s large market players are not going backwards
Ambcryptos analysis of cryptoquant’s futures volume bubble folder showed heating market conditions.
Whales actively added long positions and pushed open interest higher.
This order structure near the current level gave a potential continuation of Litecoin’s Bullish Run – a sign that the market was not yet on the brakes.
That said, meetings rarely move in straight lines. A short correction would not be unusual for another upward leg.
For now it is a tug of war between profit capacity and momentum traders. If Bulls prevails, $ 137 could open the door to the next annual High from Litecoin.
With market structure and on-chain statistics that are still leaning bullish, the cautious stochastic RSI can indicate a break in the short term. However, the broader bias in the long term remains firm for the bulls.