The post Litecoin and Mantra show bullish signs appeared on BitcoinEthereumNews.com.

Litecoin and Mantra rallied in double-digits this week. Technical and on-chain analysis suggests the two altcoins are poised for further gains next week. Bitcoin’s flash crash under $100,000 and its return above $104,000 have fuelled optimism among crypto traders.  U.S. macroeconomic data releases, performance of tech stocks and equities, and developments in artificial intelligence are the key market movers for Bitcoin. Altcoins like LTC and OM follow Bitcoin closely as the correlation remains high.  Litecoin and Mantra could extend gains, technical analysis shows  Technical analysis supports gains in LTC and OM, on the daily timeframe. Mantra (OM) consolidated in a range-bound manner for several weeks between mid-December and January. OM broke out of the range between $4.5352 and $3.1730.  At the time of writing, on Friday, OM trades at $5.6263, close to its all-time high of $5.9500 as observed in the TradingView chart below.  On the daily timeframe, OM formed a support zone between $4.443 and $4.069. This is a key imbalance zone and a correction could see MANTRA bouncing off this range.  Two key technical indicators, the Relative strength index and the moving average convergence divergence indicator support a bullish thesis for OM. RSI reads 76 and is sloping upward. While this typically generates a sell signal, when combined with MACD’s green histogram bars above the neutral line, it highlights underlying positive momentum in OM price trend.  A retest of OM’s all-time high is likely next week if the token sustains its upward momentum.  OM/USDT daily price chart | Source: Crypto.news Litecoin was consolidating within the upper and lower boundaries of the range at $129.11 and $92.57. LTC ended its consolidation and broke out of the support zone, less than 8% under its 2025 peak of $141.22. Litecoin trades at $131.64 at the time of writing, early on Friday. …

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Filed under: News - @ February 1, 2025 8:16 am