Litecoin mapping on the price of $ 140 – how, when and what next?

• Litecoin registered an imbalance of bids on multiple depth range, signaling a bull trend
• As a result, LTC bull’s momentum has encouraged a set of liquidity with low influence after breaking through

Litecoin (LTC) noticed an imbalance of bids in different depth ranges in his book book, especially at 1% and 5%. This imbalance was when the offers were surpassed, alluding to a strong purchase of interest that lit a mild bull trend on the ladder.

This trend culminated after the price of LTC reached a reach of approximately $ 130 on the ladder. The dynamics of liquidity also supplemented the prospect of bulls. Before the same, Altcoin faced low influence, limiting aggressive prices.

However, as the bulls were built, visible from dense clusters to buy and liquidity were $ 125, the price responded by climbing.

Source: Hyblock Capital

This liquidity, with accumulated purchases for the purchase outweigh sales order, has encouraged the price further on the ladder.

They collectively emphasized that the differences in the offer and the issue of volume at critical prices levels, with active management and liquidity management, can affect LTC trajectory.

In fact, a liquid trend, supported by the strong pressure of buying and absorbing liquidity, could put the path for permanent bull momentum on the Litecoin market.

Price prediction

Further analysis of the four-hour chart revealed that LTC successfully violated the upper border of the channel with a descending trend-key bear structure, to which he has been adhered to in the last few weeks.

The breakthrough pushed the price of Litecoin from a low from about $ 119 to the highlight of approximately $ 126.54. Its upward movement is further confirmed by the MacD indicator – showing a significant divergence from the signal line, moving from negative to a positive territory.

The histogram also expanded – a sign of increasing the momentum of bull. This transition to MACD can often be interpreted as a bull’s signal, supporting the term sustainable cultivation.

Source: Hyblock Capital

If LTC maintains its position above the critical level of resistance to $ 120, the path could be clear for further gains according to the level of $ 140. This would be in line with the past trends of similar settings, where consolidation above the key resistance has often stimulated further price rallies.

In contrast, if LTC fails to withstand its position above $ 120, it could return to the descending channel, negating the Bullish Outlook. This could lead to a lower support level again, potentially decreased to around $ 115, if sellers recover control.

So, holding above $ 124 is crucial for LTC’s short-term price direction. Only then can he target $ 140 and more.