Analyzing if Litecoin [LTC] can breach $137 and trigger a squeeze
The post Analyzing if Litecoin [LTC] can breach $137 and trigger a squeeze appeared on BitcoinEthereumNews.com. Key Takeaways Litecoin’s uptrend holds above trendline support as whales boost long positions. Liquidity clusters at $137 hint at a breakout, though Stochastic RSI suggests a short-term pullback before possible new yearly highs. Litecoin [LTC] rallied over 10% in the past 24 hours, at press time, extending a steady uptrend that has held for weeks. The price continued to respect its ascending trendline support — a level that quietly kept bulls in control after the last bounce near $104. On the daily chart, momentum has been building in a familiar pattern. Source: TradingView However, the Stochastic RSI sat deep in overbought territory at press time, signalling possible short-term exhaustion. Naturally, this could lead to a brief pullback before another push higher. Liquidity targets set around $137 All eyes are now on $137 — a level that aligns with both technical resistance on the daily chart and a significant liquidity pocket on derivatives markets. Source: CoinGlass CoinGlass’s Liquidation Heatmap revealed dense liquidation bands stacked between $135 and $137, indicating a large block of unmitigated short positions. These clusters often act as magnets for price action, as market makers push prices toward them to trigger stop-loss orders and unlock liquidity. In this case, a breakout above $137 could force a cascade of short liquidations. Given the relatively thin order book conditions above this range, such a move could accelerate quickly, potentially driving LTC toward its yearly high near $147.22. Litecoin’s big market players are not backing down anytime soon AMBCrypto’s analysis of CryptoQuant’s Futures Volume Bubble Map showed heating market conditions. Whales were actively adding long positions, pushing Open Interest higher. This order buildup near current levels signaled a potential continuation of Litecoin’s bullish run — a sign the market wasn’t hitting the brakes yet. Source: CryptoQuant Having said that, rallies rarely…
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The post Analyzing if Litecoin [LTC] can breach $137 and trigger a squeeze appeared on BitcoinEthereumNews.com.
Key Takeaways Litecoin’s uptrend holds above trendline support as whales boost long positions. Liquidity clusters at $137 hint at a breakout, though Stochastic RSI suggests a short-term pullback before possible new yearly highs. Litecoin [LTC] rallied over 10% in the past 24 hours, at press time, extending a steady uptrend that has held for weeks. The price continued to respect its ascending trendline support — a level that quietly kept bulls in control after the last bounce near $104. On the daily chart, momentum has been building in a familiar pattern. Source: TradingView However, the Stochastic RSI sat deep in overbought territory at press time, signalling possible short-term exhaustion. Naturally, this could lead to a brief pullback before another push higher. Liquidity targets set around $137 All eyes are now on $137 — a level that aligns with both technical resistance on the daily chart and a significant liquidity pocket on derivatives markets. Source: CoinGlass CoinGlass’s Liquidation Heatmap revealed dense liquidation bands stacked between $135 and $137, indicating a large block of unmitigated short positions. These clusters often act as magnets for price action, as market makers push prices toward them to trigger stop-loss orders and unlock liquidity. In this case, a breakout above $137 could force a cascade of short liquidations. Given the relatively thin order book conditions above this range, such a move could accelerate quickly, potentially driving LTC toward its yearly high near $147.22. Litecoin’s big market players are not backing down anytime soon AMBCrypto’s analysis of CryptoQuant’s Futures Volume Bubble Map showed heating market conditions. Whales were actively adding long positions, pushing Open Interest higher. This order buildup near current levels signaled a potential continuation of Litecoin’s bullish run — a sign the market wasn’t hitting the brakes yet. Source: CryptoQuant Having said that, rallies rarely…
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