<ul><li>Litecoin has surged 69% in the past month and is consolidating near a crucial demand zone, with analysts closely monitoring for a potential breakout or breakdown.</li><li>Analysts have mixed views on Litecoin's future, with some cautioning about renewed selling pressure if Bitcoin fails to break into price discovery.</li><li>Top analyst Carl Runefelt remains optimistic, suggesting that Litecoin is forming a bullish flag pattern on the chart, potentially leading to a significant upward continuation with a target of $117.50.</li><li>Litecoin's current technical position shows consolidation near key support levels, indicating both opportunity and risk as the market awaits Bitcoin's confirmation for the next major move.</li></ul>

Litecoin Eyes $117.50 As Price Rebounds From Key Support – Analyst

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