Litecoin Prepares For New Rally, Ascending Channel Signal Bulls Build-Up And LTC Ready To Hit $140: Analyst
The post Litecoin Prepares For New Rally, Ascending Channel Signal Bulls Build-Up And LTC Ready To Hit $140: Analyst appeared on BitcoinEthereumNews.com.
Litecoin (LTC) is experiencing dynamic price action recently, displaying signs of bullish momentum. Today, market analyst Ali Martinez confirmed the upturn move and disclosed bullish targets for the asset in the short and medium term. Litecoin Moving Inside Ascending Channel As illustrated in Ali’s data, LTC is moving in an optimistic technical environment as it continues to trade in a clear ascending channel on the weekly timeframe. This bullish structure has kept LTC price action under pressure, with every attempt at recovery meeting resistance along the middle trendline. The pattern indicates a wider struggle between bulls trying to defend significant support regions and bears maintaining a strong hold on short-term movements. As Litecoin’s price moves tighter within the range of this channel, this signifies that a decisive move could be imminent. According to Ali, holding above the channel’s mid-level at $100 could set a ground for an uptrend toward the upper boundary at $140. As per the data, the $100 price mark seems to be a crucial support region, and maintaining it would signify a looming upward movement. Continued trading above the $100 suggests an upcoming upturn move. LTC is indicating signs of a potential bullish move after experiencing strong support near the middle trendline of the ascending channel on the weekly chart. This middle trendline has acted as a strong support, backing recent bullish attempts and reinforcing the overall uptrend structure. LTC Price Actions Show Bulls Comeback LTC’s value is currently hovering at $94.37, up 1.2% over the past 24 hours. Its price has also been up 8.4%, 8.7%, and 12.9% over the past seven days, two weeks, and one month, respectively, showing the bullish momentum is present and remains intact. The current price of Litecoin is $94.37. The formation of the bullish flag pattern (as pointed out…
Filed under: News - @ July 13, 2025 4:17 pm