Important collection restaurants
Litecoin does not look for a pullback, which means that a BTC or ETH price drop can influence the price of LTC. Traders can expect another 14% rally after the $ 117 level has been reversed to support within this week.
Litecoin [LTC] Has been a 42.4% in one month. The Altcoin was stimulated by the strong bullish sentiment over the market. Bitcoin [BTC] and Ethereum [ETH] rose by 14.6% and 56% in the same period. The considerable profit that ETH achieved in a short time have stimulated confidence in the Altcoin market. In fact, the Altcoin market capitalization was $ 1.5 trillion and since 20 June added $ 401 billion (36%).
It was unclear how long this rally, for ETH or LTC, could go without a considerable withdrawal. That is why traders must be careful. They can use the market structure of the lower time in time to detect trend remarks early and to change their market prejudices accordingly.
Bullish Litecoin -power promises another 14% in profit, but can they come this week?
Source: LTC/USDT on TradingView
Based on the rally in April and May from $ 63 to $ 107, a set of Fibonacci racement and extension levels was set out. It showed that the retro level of 61.8% was $ 79.88. This level was tested as support in June and LTC recovered higher.
The 1-day graph showed a strong bullish breakout beyond the $ 107 level on Saturday, July 19. At the time of writing, the extension level of 23.6% at $ 117 was tested as a resistance. The RSI was in Overbough Territorium, but did not identify an immediate withdrawal. Especially since it has not yet made a bearish divergence.
The OBV pushed heavenly into the highlights of January. This reflected intense buying pressure in recent weeks, which led to rapid expansion of OBV. In general, Litecoin can be driven higher due to considerable demand.
The fixed range of the volume profile was used for the LTC price action in 2025. It showed that the Point of Control (POC) was at $ 127.6 and the next key resistance for the Altcoin offered. The high -quality high (dotted blue) was $ 133.36 and had confluence with the extension level of 61.8% at $ 134.
Traders and investors do not immediately have to fall short of LTC, because it might be overloaded, but this may not be the time to buy. A withdrawal to $ 100 would be a welcome buying.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer