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Litecoin Eyes Breakout as Price Poised to Break $147 Resistance

  • Litecoin (LTC) is showing signs of closing a bearish trend and consolidating near the $100 resistance, indicating a potential rally ahead with targets at $105, $115, and $129, supported by healthy trading volume and positive RSI momentum.
  • Critical support levels at $85 and stop-loss points at $97 and $80 help manage risk as LTC eyes a breakout that could trigger a broader altcoin rally.
  • Analysts predict a bullish wave for Litecoin with target levels at $105, $115, $129, and potentially $147, supported by increasing buying volume and positive weekly RSI momentum.
  • Effective risk management with stop-loss targets at $97, $80, and $63 is crucial as Litecoin aims for a potential breakout, with increasing investor confidence and positive market structure indicating scope for further gains.

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