Litecoin has experienced a strong recovery, with the price jumping to $116 after finding strong support at $100. The uptrend in LTC price has gained momentum, and there are indications that the reversal rally could continue to reach $150. The MACD indicator is on the verge of a positive crossover, and the bounce-off from the lower Bollinger band suggests a potential rise to the upper Bollinger band at $129. Crypto analyst Carl Moon has also noted that LTC has broken out of an ascending triangle pattern, with a projected target of $128. The immediate price target for Litecoin is $126, followed by a more optimistic target of $177. However, there is crucial support at $109 and additional support near $97.



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