Litecoin’s Rally – Next 14% Hike Possible!

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Key Takeaways

One simply must maintain a certain composure, darling. Litecoin, it seems, isn’t terribly interested in a pullback. Rather inconvenient, really, when Bitcoin or Ethereum decide to have a bit of a wobble. One suspects traders can anticipate another 14% upward jaunt once that rather tiresome $117 level decides to play along and become support—within the week, naturally. One hopes. 😉

Litecoin [LTC], bless its little heart, has managed a rather spirited 42.4% rally in a mere month. Quite the show, wouldn’t you agree? Bitcoin [BTC] and Ethereum [ETH] have also been putting on airs, up 14.6% and 56% respectively. Ethereum’s recent exuberance has certainly injected a bit of misplaced confidence into the altcoin market. Heavens, the market cap is hovering around $1.5 trillion—a tidy $401 billion (36%) added since June 20th. Rather vulgar, really. 💸

One wonders, with a touch of weary cynicism, how long this little charade can continue without a rather dramatic correction. Naturally, traders must pretend to be cautious—a rather tiresome exercise, to be sure. A keen eye for those lower timeframe market shifts might detect a reversal, allowing one to adjust one’s biases accordingly. Such a bore.

Bullish Litecoin strength promises another 14% in gains, but can these come this week?

One recalls a rather pleasant rally in April and May, from $63 to $107. A spot of Fibonacci magic was performed, of course, revealing a 61.8% retracement level at a rather pedestrian $79.88. It was tested, rather obligingly, and LTC bounced back. How predictable. 🙄

The chart, you see, declared a positively robust bullish breakout above $107 last Saturday, July 19th. Currently, the 23.6% extension level at $117 is being treated as resistance. The RSI is, shall we say, a bit overwrought, but hasn’t yet deigned to signal an immediate retreat. No bearish divergence, thankfully.

The OBV, like a particularly enthusiastic socialite, has pushed skyward towards January’s highs. A reflection of, one supposes, intense buying pressure. Quite exhausting. Overall, Litecoin seems to be propelled higher by a rather persistent demand. One almost feels sorry for it.

The Fixed Range Volume Profile—a frightfully technical contraption—suggests the Point of Control (PoC) lies at $127.6, presenting the next key obstacle. The Value Area High (a dotted blue, naturally) rests at $133.36, conveniently coinciding with the 61.8% extension level at $134. One hopes it doesn’t get too boisterous.

One shouldn’t rush into shorting LTC, as it might be rather…extended. But buying? Good heavens, no. A gentle pullback towards $100 would be rather… agreeable. A perfectly acceptable buying opportunity, wouldn’t you say? 🥂

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2025-07-21 08:10