Will the LTC Price Breakout Reach $140 or Remain Consolidated in a Range? | Airdrop Alert Pro

The success of Bitcoin and Ethereum ETFs in 2024 has greatly increased the demand for other cryptocurrencies. Among them, XRP and Litecoin (LTC) are gaining appeal, and there is a high possibility of ETF approval later this year. As a result, LTC prices have soared in recent days, attracting a lot of trading volume. With momentum growing and market optimism growing, potential breakthroughs could pave the way for LTC to reach its critical $200 resistance level.

Regulatory Clarity Fuel Litecoin Bullish Outlook

After Trump’s inauguration, the cryptocurrency space became more promising through clearer regulations. Additionally, the Securities and Exchange Commission (SEC) has recently changed its stance on cryptocurrencies, which is considered a major bullish signal. The SEC’s recent endorsement of LTC ETF applications has further strengthened traders’ confidence, with approval odds exceeding 90%. As a result, LTC’s price rally has reached a critical area, which has sparked optimism among investors.

Key resistance for LTC price exceeding $126

LTC has already surpassed the important resistance at $126, which has cleared the bullish pathway toward higher targets. However, no major breakthrough has occurred yet, and the possibility of rejection can be suppressed.

As can be seen from the above figure, LTC prices are constantly testing the resistance of a decisive symmetric triangle, which has been intensifying since the beginning of the month. Therefore, it seems that there will be a breakthrough at any time in the next few days, and the possibility of a continued rise is still uncertain. Although this number has exceeded the average range, technology shows that there is less confidence among market participants.

Since the beginning of 2025, the average range of Chaikin currency flows (CMF) measures asset income and asset currency flows has been within the average range of “0”. This indicates that there is no large amount of capital flowing into the platform, suggesting a decrease in confidence among traders. Additionally, ADX has reached a lower threshold, indicating a substantial drop in intensity in rally, while DMI levels show signs of potential bearish crossovers.

Therefore, a breakthrough above the triangle may only happen if purchases rise significantly. Otherwise, the Litecoin (LTC) price may remain merged in the pattern until the market dynamics do not support the Bulls.