$LTC /USDT ON THE RISE: Is the $127 Level the Gateway to More Gains?
Litecoin is currently trading at $127.70 on the 15-minute chart, recovering strongly after a sharp bounce from the $114.37 low. The price is now approaching key resistance at $131.50, which aligns with the day’s high. Immediate support lies near $126.00, and with the RSI at 73, LTC shows signs of being slightly overbought but remains bullish.
Traders can consider a long entry near $127.70 if the price sustains upward momentum. A tight stop-loss at $126.00 will help mitigate risks from sudden pullbacks. Alternatively, if LTC faces resistance rejection, a short entry near $126.00 may signal downward pressure, with a stop-loss at $127.70.
Litecoin’s price movement suggests a renewed push from buyers, and a breakout above $131.50 could unlock further upside potential. As volume increases, traders should stay alert for the next decisive move.