Litecoin (LTC) has experienced a steady price increase and is now testing a crucial resistance level at $100. It has risen over 100% from its lowest point this year and is at its highest level since April 2024. The ongoing crypto bull run, with Bitcoin approaching $100,000, has contributed to LTC's surge. The weekly chart suggests that LTC is poised for significant gains in the coming weeks if the bull run continues. The formation of a triple-bottom pattern at $57.90 indicates bullish potential, with a price target of $220. Additionally, LTC has crossed above the 50-week and 200-week Exponential Moving Averages (EMA), potentially forming a golden cross pattern. On the daily chart, an inverse head and shoulders pattern signals a possible reversal, and a move above the key resistance level at $98.42 invalidates a double-top pattern. Short-term outlook suggests a rise to retest the year's highest point at $112.6. Catalysts for LTC's potential upward movement include its record-high hash rate, its affordability compared to Bitcoin, and its use in payments due to faster speeds and lower transaction costs.



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