- Litecoin surges over 10% in 24 hours, holding above ascending trendline support.
- Whales actively add long positions, signaling strong bullish conviction.
- Liquidity clusters at $137 may trigger a short squeeze toward $147.22.
- Stochastic RSI signals overbought conditions, hinting at a short-term pullback before the next rally.
- Market structure remains bullish despite possible near-term correct,l0ions.
Litecoin (LTC) is back in the spotlight after a 10% surge in the past 24 hours, with bulls now setting their sights on the $137 liquidity zone. Having successfully defended its ascending trendline support since bouncing near $104, the cryptocurrency is showing signs of renewed strength, fueled by both technical and on-chain factors.
Technical Setup Points to $137 Target
On the daily chart, Litecoin’s uptrend remains intact, with price action respecting a well-defined ascending trendline. Momentum has been steadily building, but the Stochastic RSI is deep in overbought territory, suggesting that a short-term pullback could occur before another move higher.
Also Read: Litecoin Breaks Bullish Pattern: LTC Targets $170 as Open Interest Hits Record High
The $137 level is a critical zone, combining both historical resistance and a dense pocket of short-position liquidity. According to CoinGlass’s Liquidation Heatmap, liquidation bands between $135 and $137 represent a significant cluster of stop-loss orders. These zones often act like magnets, drawing price toward them as market makers seek to unlock trapped liquidity.
A successful breakout above $137 could trigger a short squeeze, pushing LTC quickly toward its yearly high near $147.22 due to relatively thin order book resistance in that range.
Whales Add Fuel to the Rally
On-chain data from CryptoQuant’s Futures Volume Bubble Map reveals that whales are increasing their long positions, driving open interest higher. This surge in futures activity suggests large market players are positioning for more upside, reinforcing the bullish market structure.
Despite this optimism, traders should note that rallies rarely move in a straight line. A brief consolidation or pullback is possible before Litecoin makes its next push. The current market battle between profit-takers and momentum traders will likely decide the timing of any breakout.
Outlook: $137 Could Open the Door to $147
With technical patterns, whale accumulation, and liquidity dynamics all aligning, Litecoin’s long-term bias remains bullish. The short-term risk lies in overbought momentum indicators, but as long as trendline support holds, the probability of breaching $137 — and potentially reaching $147 — remains high.