Litecoin has experienced a strong bullish surge, climbing over 30% since last Friday. This has made Litecoin one of the top-performing altcoins during a period of market uncertainty. Analysts and investors are speculating about a potential breakout in the coming weeks, with Litecoin showing relative strength compared to other cryptocurrencies. Top analyst BigCheds believes Litecoin is approaching daily range peaks and could test multi-year highs around $145. Breaking above this key resistance level could signal a significant upward trend. Retail and institutional investors are watching closely for signs of a confirmed breakout. However, caution remains as there is a possibility of a fake breakout. The next few days will be crucial for Litecoin as it tries to clear the $145 level. If successful, it could solidify its position as a leading altcoin. Failing to clear this level could lead to a retracement. The $140 and $145 levels represent crucial supply zones that have historically acted as barriers to further upward movement. Breaking above these levels could trigger a massive rally and propel LTC to uncharted territory. Bulls need to maintain momentum and defend current levels to sustain the upward move. All eyes are on Litecoin as it approaches a decisive phase.



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