- Litecoin remains above $96 and shows signs of building momentum toward the $101.50 and $112 resistance levels.
- The intraday chart indicates a potential long setup once a confirmed breakout above $101.50 occurs with volume support.
- Analysts project $112 as the next target while Litecoin forms a healthy base that could extend gains toward $140.
Litecoin’s price movement remains indecisive as traders monitor key resistance levels near $101.50 and $112, according to Crypto WZRD’s technical outlook dated October 27. The analysis suggests that the current consolidation phase could transition into a bullish trend once Bitcoin dominance begins to decline.
Daily Outlook: Litecoin Awaits Stronger Momentum Above $96
The daily charts for both Litecoin (LTCUSD) and Litecoin-to-Bitcoin (LTCBTC) pairs closed indecisively, indicating uncertainty in short-term sentiment. Analysts note that a more sustainable and positive move could emerge once Bitcoin dominance eases, allowing altcoins to regain momentum.
Litecoin’s ability to maintain support above $96.00 is viewed as a constructive technical sign. Sustaining this level signals underlying market strength, which could allow LTC to advance toward the next resistance at $112.00. The report adds that this move would represent a healthy progression within the broader recovery structure.
Market observers highlight that current price action remains within a consolidation phase, suggesting accumulation by patient traders. This setup could lead to stronger directional movement as momentum indicators begin to align with bullish setups across shorter time frames.
For now, analysts are focusing on identifying a mature trade setup within the lower time frame structures, as volatility compresses before the next leg higher.
Intraday View: Choppy Range Near $101.50 Resistance
The intraday chart indicates a choppy structure with Litecoin trading close to the $101.50 resistance zone. According to the analysis, a clear breakout and hold above this threshold would likely trigger a long position for traders awaiting confirmation of strength.
Conversely, if Litecoin fails to hold above $101.50, it could face further sideways movement as liquidity consolidates between $96.00 and $101.00. Analysts expect this narrow range to act as a staging ground for the next significant move once market direction becomes clearer.
The report notes that current momentum remains moderate, with traders awaiting a decisive move from larger market players. As Bitcoin dominance stabilizes, altcoins such as Litecoin could see increased inflows, potentially boosting buying pressure at these levels.
Technical projections place $112.00 as the next immediate resistance target, followed by $140.00 in the longer-term outlook. These levels have historically acted as reversal zones, providing a framework for traders to assess risk and potential breakout follow-through.
Can Litecoin Overcome Range Resistance and Sustain an Uptrend?
The central question now is whether Litecoin can break and sustain momentum above its current resistance zone. The market’s recent sideways action suggests accumulation, but confirmation will depend on volume expansion and follow-through beyond $101.50.
If the price maintains levels above $96.00, analysts project a gradual move toward $112.00 in the coming sessions. A breakout above this point could open the path toward $140.00, aligning with previous recovery patterns observed in mid-2023.
Market watchers emphasize that healthy consolidation often precedes stronger upward phases. With traders awaiting confirmation signals, Litecoin’s near-term price action could define its trend trajectory for the remainder of the quarter.
