Key Insights
- Litecoin faces its fourth test of $140 resistance after three previous failed breakout attempts since December.
- LTC gained 38% in one month, outperforming Apple and other megacap tech stocks significantly.
- A breakout above $140 could target $160, while failure may lead to support retests at $120.
Litecoin (LTC) is approaching a key resistance level that has previously rejected price advances on three separate occasions.
According to a chart shared by analyst Ali Martinez, LTC has failed to break above the $138–$140 level during prior attempts between December 2024 and March 2025. Each rejection from this zone resulted in a downward move, confirming it as a firm resistance area.
Volume and momentum will likely play a key role in determining the next move. As analyst Ali asked, “What do you think happens next?” — the market now waits for confirmation.
LTC is now testing this level again, trading at around $129.91 before a recent decline. This marks the fourth time the price is nearing the same barrier. Repeated attempts to breach a resistance level often lead traders to watch closely for either a breakout or another reversal. A move above $140 could shift the technical outlook, while another rejection may send the price lower.
Price Action and Support Levels
After rising from below $100 in early July, Litecoin has shown steady upward momentum, gaining more than 30% over a few weeks. However, recent price action shows a pullback. As of press time, Litecoin was priced at $122.19, recording a 7% decline in the last 24 hours. Over the past week, LTC is still up by 1%, reflecting continued interest despite the short-term dip.
If Litecoin fails to break through the $140 zone again, the next level to monitor may be the support around $120. Below that, the $110 region could come into play. These levels previously acted as key zones during both rallies and corrections.
Litecoin Outperforms Major Tech Stocks
In terms of one-month returns, Litecoin has outperformed several large-cap traditional assets. According to data shared by Post Santolita, LTC gained 38% over the past month, compared to 12% for Apple (AAPL) and 7% for other megacap stocks. This sharp difference highlights the volatility and short-term performance potential in the crypto market.
Noting how the Litecoin moved more aggressively than established tech stocks during the same period, Santolita wrote,
“$LTC outpacing Wall Street heavyweights…”
This performance has drawn attention from both crypto traders and broader market watchers.
With Litecoin trading just below a major resistance level, traders are watching to see if the fourth attempt at a breakout will succeed. A clear move above $140 may open the path toward $160, while failure could result in a retest of lower support levels.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/triple-rejection-for-ltc/