Litecoin (LTC) traded at around $120 at press time, showing an 8% gain over the past 24 hours and a 15% increase across the week.
Consequently, the move has drawn attention from analysts who see the possibility of further gains if key levels hold.
Analyst Eyes $354 as First Target
Crypto analyst Javon Marks noted that Litecoin’s chart is showing a structure similar to its earlier breakout runs. He identified $354 as a first target, nearly three times higher than current levels.
His analysis highlights Litecoin’s history of breaking out of descending trendlines after periods of accumulation. The current setup shows rising support and strengthening momentum. “$LTC looks borderline ready to surge here,” Marks said, adding that a further extension could point toward $842.68, a level in line with past large-scale rallies.
Source: Javon Marks/X
Long-Term Triangle Formation
Analyst Captain Faibik examined Litecoin on the weekly timeframe, where the price has been consolidating inside
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