thecoinrepublic.com
Litecoin price Resistance formed multiple times around $137–$140, aligning with previous rejection points.
The lower trendline showed support near $130, preventing further downside.
A breakout above $140 could drive bullish momentum toward $150 or beyond, but rejection risks reversal to $120.
Volume remained moderate at 2.01M, indicating cautious participation.
The pattern historically leads to breakdowns, yet $LTC’s recent strength suggested potential divergence.
If buyers sustain momentum, the next attempt at $140 may succeed. Failure to hold $130 could confirm trend exhaustion, accelerating declines.
Traders watched for confirmation signals before positioning aggressively.
Highest $LTC Social Activity Share
$LTC social activity share also crossed 1.9%, reaching its highest recorded level. Social dominance rose 0.35% to 1.45%, reflecting heightened interest.
$LTC price surged 104.52%, touching $136.17, indicating strong correlation with social buzz.
Trading volume spiked 595.4% to $1.63B, supporting increased engagement. If social dominance continues rising, $LTC could break resistance at $140, attracting more buyers.
Market cap climbed confirming capital inflow indicating sustained social traction could fuel bullish momentum.
A decline below 1.5% social dominance could weaken sentiment, leading to price consolidation near $130.
Litecoin Futures Open Interest Soars to a 4-year High
Additionally, Litecoin futures open interest soared to a 4-year high of $758 million, reflecting strong speculative interest.
This surge indicated increased market activity and potential price volatility. $LTC price reached $136.17, rising 104.52%, supported by high leverage.
Trading volume spiked 595.4% to $1.63B, confirming active participation. Market cap climbed $5.3B to $10.29B, reinforcing capital inflows.
The consistent open interest growth signaled rising demand. Increased futures exposure suggested traders anticipated further $LTC price movement, likely testing $140 resistance.
If open interest remains high, $LTC could extend gains past $150. However, excessive leverage might trigger liquidations, forcing a correction toward $130.
Sustained open interest growth indicated confidence in $LTC’s trajectory.
Traders monitored funding rates and liquidation levels to gauge potential breakouts or pullbacks in the coming sessions.
$LTC Cumulative short Over Long Liquidation Leverage
Litecoin’s higher cumulative short liquidations over long liquidations, indicating a short squeeze. $LTC reached $134.9, triggering 1.72M in short liquidations.
Short positions faced aggressive liquidations near $134.6–$137, forcing traders to buy back, fueling upward momentum.
Long liquidations remained significantly lower, reducing immediate downside pressure. This short squeeze contributed to $LTC’s 104.52% rally, lifting the price to $136.17.
Market cap increased $5.3B to $10.29B, reinforcing demand strength. Open interest hit $758M, signaling continued speculative interest in $LTC futures.
If shorts keep liquidating, $LTC could surpass $140, attracting more buyers. However, failing to hold $134 might encourage new short positions.
A sustained imbalance in liquidation pressure could push $LTC toward $150. Traders watched liquidation clusters to assess upcoming volatility and price strength.