Litecoin Price Surge Breaches $120, Eyes $140 Resistance
On August 9, 2025, Litecoin price (LTC) climbed above the 21-day simple moving average (SMA) and broke through the $120 resistance level. The altcoin recovered from its dip to $103 as bulls bought the pullback, signalling renewed buying momentum. Litecoin price now trades around $125, with moving averages sloping upward, confirming the uptrend.
Key resistance is at $130, followed by $140 and $147. Strong selling pressure was seen near $130 on August 5, reflected in long upper wicks. If LTC holds above $120, a breakout could target $140. Conversely, a drop below $120 may trigger selling pressure.
Technical indicators show support at $120, $100 and $60, while resistance sits at $120, $140 and $147. Traders should watch the 21-day SMA for trend confirmation in the Litecoin price movement.
Bullish
The news is classified as bullish because Litecoin’s breakout above the $120 level and the 21-day SMA signals renewed buying momentum. Historically, holding above a key moving average after a dip—such as LTC’s bounce from $103—often triggers further upside, as seen in previous mid-July rallies. Short-term, this breakout may attract momentum traders aiming for the next resistance at $130 and beyond. In the longer term, maintaining an uptrending moving average and clearing each resistance level can reinforce confidence among institutional and retail investors. However, a drop below $120 could invalidate the bullish case, so traders will monitor support levels closely.