Is this the key to unlocking the price level of 137 dollars for LTC?

The optimistic sentiment towards Litecoin (LTC) is increasing strongly. As of now, this coin has formed a bullish pattern and seems to be approaching an important breakout zone.

In addition, factors such as strong trader interest in long positions ( in the derivatives market, along with large-scale accumulation activity, indicate that LTC is poised for significant growth opportunities.

According to data from TradingView, LTC is currently trading at $98, recording a slight bullish increase of 0.75%. Notably, trading volume has surged by 25% to $775 million, reflecting strong interest from investors, according to CoinMarketCap.

The enthusiasm in the derivatives market reinforces the bullish trend

This lively trading activity is clearly reflected in the buying positions of traders and the accumulation trend from investors.

Based on data analysis from CoinGlass, the liquidation map on the exchange shows that the important liquidation levels of LTC are at 97.1 USD ) below ( and 102.1 USD ) above (. At these levels, traders have established a total of 8.74 million USD long positions ) below, while above there are 2.87 million USD short positions (.

![Is this the key to unlocking the price level of 137 dollars for LTC?])https://img-cdn.gateio.im/webp-social/moments-5f2e0199485df73ac04034c90c8d02a0.webp(Source: CoinGlassThese figures indicate that short-term market sentiment towards LTC is leaning positively, with buying pressure clearly dominating.

At the same time, data on Spot inflow/outflow from CoinGlass shows that in the past 24 hours, approximately 4.08 million USD worth of LTC has been withdrawn from exchanges. This not only reflects the accumulation trend but also emphasizes the long-term growth potential of LTC, as large withdrawals often occur when the price reaches important zones.

![Is this the key to unlock the price level of 137 dollars for LTC?])https://img-cdn.gateio.im/webp-social/moments-c8874a7407fb422fb94e78af1288611f.webp(Source: Coinglass## Technical outlook: Key levels to watch for Litecoin

According to technical analysis from Coinphoton, LTC has formed an inverse head and shoulders pattern – a bullish reversal pattern – on the daily chart and is preparing for a breakout.

![Is this the key to unlocking the price level of 137 dollars for LTC?])https://img-cdn.gateio.im/webp-social/moments-db4461c4b27aec09dcf5ef455b613e26.webp(Source: TradingViewIf LTC maintains its bullish momentum and breaks through the neckline at 105 USD, while closing the daily candle above this threshold, a bullish outlook of up to 30% could be opened, targeting the zone of 137 USD.

On the contrary, if the bullish momentum weakens, LTC is likely to continue ranging or adjust down.

Currently, the ADX index )Average Directional Index( of LTC has reached 29.95, surpassing the important threshold of 25, indicating a strong bullish trend. However, the Supertrend indicator still maintains a bearish signal, reflecting that selling pressure remains high in the market.

Mr. Giáo