Litecoin ( LTC ) price prediction: hitting the $137 key resistance, Whale increasing the position may trigger a short squeeze.
Litecoin(LTC) continues its rising momentum for several weeks, surging over 10% in the past 24 hours. The price remains supported by the rising trend line, with daily chart momentum steadily increasing. The key focus is now on the $137 resistance level — this level serves as both a technical resistance on the daily chart and overlaps significantly with the derivatives market liquidation heatmap showing a dense liquidation zone ($135-$137). A breakout above this level may trigger large-scale short positions liquidation, and due to a thin order book above, the price may quickly test the yearly high of $147.22. On-chain data shows that whales are actively increasing their long positions, pushing open interest higher, and the market's bullish structure remains unchanged. Caution is warranted as the Stochastic RSI has entered the overbought zone, indicating a potential short-term pullback, but the medium to long-term trend still leans bullish.
View OriginalLast edited on 2025-08-14 03:25:54