Litecoin has regained short-term bullish momentum after rebounding from support, with technical indicators pointing toward $70 as the next key upside target. The coin’s recent performance suggests buyers have reclaimed control, with its recovery reflecting building sentiment among traders following a period of market consolidation.
Litecoin has shown renewed upward momentum in recent trading sessions. The price movement indicates that buyers have reclaimed short-term control following a rebound from confirmed support levels.
Market data suggests the coin is now pushing toward nearby resistance zones. This recovery aligns with a period of stabilization across the broader cryptocurrency market.
According to the data given by CoinMarketCap, Litecoin is trading at $58.33. The coin’s market capitalization has exceeded $4.48 billion.
Technical analysis points to the $58.54 level as immediate resistance. A continuation of bullish pressure could see the price test higher targets.
The moving average convergence divergence indicator shows a bullish momentum, with the MACD line above the signal line. The relative strength index indicates the coin is in overbought territory.
Long-term projections from other data sources point to gradual upward movement. The 200-day simple moving average is projected to reach approximately $87.67, while the 50-day SMA is seen at around $64.76.
Support levels are established at $50.44, $49.70, and $49.00. Resistance levels are found at $51.88, $52.59, and $53.32.
Forecasts for February suggest an average price of approximately $67.49. This implies the token could potentially rally toward the $70 level.
