Litecoin Price Battles $107–$110 Resistance Amid Bullish Trend
Litecoin price regained momentum, rallying to $112 before pulling back to $101. The altcoin must reclaim support at $107 to sustain its bullish trend. On the weekly chart, the 21-day SMA remains above the 50-day SMA, signaling continued upside. A confirmed double bottom pattern on the daily chart and record-high weighted funding rates highlight strong long sentiment. Whale wallets have grown holdings by 5.44% in the past 30 days, while spot exchanges saw $3.55 million in net outflows, reducing sell pressure. The recent pullback tested the 38.2% Fibonacci retracement, pointing to a potential target near the 2.618 extension at $175. Key resistance sits at $110 and $130, with support at $100, $60 and $40. Traders should watch price action around $107–$110 and monitor on-chain metrics to gauge the rally’s sustainability.
Bullish
The news highlights multiple bullish indicators for Litecoin price, including a double bottom pattern, strong long sentiment reflected in funding rates, whale accumulation, and net spot outflows reducing sell pressure. Although sellers remain at key resistance levels around $110–$130, the successful defense of support at $107 and positive SMA alignment points to further upside potential. This confluence of technical and on-chain metrics suggests a bullish outlook in both short-term rebound attempts and longer-term targets, warranting a bullish categorization.