Litecoin (LTC) defended the $75 low, forming a double bottom and is currently trading above $85 per coin.
The coin could rally towards the next liquidity level at $95 soon, supported by bullish technical indicators like MACD and RSI.
Positive market sentiment, driven by factors such as a ceasefire deal and the possibility of a Litecoin ETF approval, could further boost LTC's medium-term rally.
While LTC's upward movement towards $95 is plausible, its performance is contingent on broader market conditions and potential conflicts in the Middle East.