Litecoin breaks a key trendline, with rising active addresses and mixed on-chain signals suggesting potential further gains.
Trading at $65.33 at press time, this move could signal the start of a larger upward trajectory, with potential targets at $72, $82, $90, and $108, according to aThe recent breakout above the descending channel is a promising development for Litecoin’s price action. However, technical and on-chain metrics will be critical in determining whether this momentum can be sustained in the coming days.On-chain activity for Litecoin has shown promising growth, with active addresses increasing from 285.
This suggests that momentum is building for a continued upward move. The Relative Strength Index stands at 53.37, indicating mild bullish sentiment. Should the RSI move closer to overbought levels, sustained momentum could be confirmed.Additionally, if Litecoin’s price manages to stay above its recent breakout level, it will reinforce the idea that the rally is more than just a temporary surge.
Beyond that, Litecoin could continue climbing toward $82, $90, and $108, based on historical patterns and technical projections. While Litecoin’s recent price action and network activity indicate the potential for further gains, traders and investors should remain vigilant. Monitoring both technical and on-chain metrics will be essential in confirming whether this bullish momentum is sustainable.Erastus is a dedicated cryptocurrency journalist and financial analyst with over 4 years of experience in the blockchain and fintech sectors.
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