Litecoin Price Dey Fight $107–$110 Resistance Amid Bullish Trend
Litecoin price don regain momentum, e rally reach $112 before e pull back to $101. Di altcoin gats to regain support for $107 if e wan sustain im bullish trend. For weekly chart, di 21-day SMA dey even pass di 50-day SMA, e mean say uptrend fit still continue. Confirm double bottom pattern for daily chart plus record-high weighted funding rates show say long sentiment strong. Whale wallet don grow their holding by 5.44% for di past 30 days, while spot exchange see net outflows of $3.55 million, e reduce sell pressure. Dis latest pullback test di 38.2% Fibonacci retracement, e show say di potential target fit dey near di 2.618 extension at $175. Key resistance dey around $110 and $130, support dey for $100, $60 and $40. Traders suppose dey watch price movement around $107–$110 and monitor on-chain metrics to sabi if di rally fit last.
Bullish
Di tori talk say Litecoin price get plenty bullish sign dem, like double bottom pattern, strong long sentiment wey show for funding rates, whale gather plenty, plus net spot dem dey comot wey dey reduce sell pressure. Even though sellers still dey for key resistance level dem around $110–$130, the way dem take defend support for $107 plus positive SMA alignment show say price fit still go up. All these technical plus on-chain metrics combine to show say price get chance to rise for both short-term rebound and long-term targets, so e make sense to call am bullish.