Bullish on Litecoin: Targets Set at $135 and $145

Litecoin (LTC) is showing strong signs of a bullish reversal after a sustained period of consolidation and a failed breakdown from a critical support level. The price recently bounced from the strong support zone at $62.97, confirming this level as a reliable base. Notably, the asset failed to break below this support, suggesting accumulation and potential for upward momentum.

Currently, LTC is trading around $87, just above the local resistance and forming a bullish structure. A clear breakout above this region could trigger a strong upward move toward the next resistance target of $135.43, and potentially the second target at $145.46, which aligns with a historical resistance level.

A well-placed long trade setup is visible:

• Entry Point: $87.04
  
• Stop Loss: $74.66 (approx. -14.80% risk)
  
• Take Profit: $135.43 (approx. +54.55% potential upside)
  

This trade offers a favorable risk-to-reward ratio of 3.69, making it attractive for bullish traders.

The MACD indicator below the chart is also showing early bullish crossover signals, with the MACD line approaching a break above the signal line. If this momentum continues, it would further support the bullish outlook.

Fundamental Insight: Why Litecoin Has Long-Term Potential

Litecoin offers several key technical differences compared to Bitcoin:

• Faster transaction speed: 2.5-minute block time vs. Bitcoin’s 10 minutes
  
• Lower transaction costs
  
• Uses Scrypt instead of SHA-256 for its proof-of-work consensus
  
• Larger maximum supply: 84 million vs. Bitcoin’s 21 million
  

Positioned as the "silver" to Bitcoin's "gold," Litecoin serves as a faster, more scalable alternative in real-world transactions. With its four-year halving cycle, similar to Bitcoin, and historical resilience, LTC continues to be a solid mid-cap crypto asset for long-term holders.