Can Litecoin Price Sustain Momentum After Breakout? $134 Price Projection in Focus

Litecoin Price Analysis: On June 30th, Litecoin witnessed a significant inflow of buying pressure, resulting in a massive bullish candle that breached two important resistance levels – the long-coming resistance trendline and the $103.2 mark. This development in the LTC price3 is likely associated with the Canadian government’s approval for unlimited trading of Litecoin and other cryptocurrencies. However, the bullish rally has taken a temporary halt after reaching a high of $115 and initiated a new correction phase to validate if the breakout is genuine.