Litecoin Breaks $112 Resistance as Futures Surge $100M—Is $135 Next?

Getting your Trinity Audio player ready...

• Litecoin surged 10% after breaking $112 resistance.
  
• Sharpe Ratio at 2.3 signals growing investor confidence.
  
• Futures open interest jumped $100M, boosting bullish momentum.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Litecoin (LTC) has finally shaken off weeks of quiet trading, surging above a stubborn $112 resistance that capped its price since early August. The breakout sparked a wave of momentum across the market, pushing LTC up 10% in just 24 hours. Traders are now watching closely as the move resembles past cycles where Litecoin consolidated in tight ranges before breaking sharply higher.

Familiar Pattern, Familiar Hopes

For months, Litecoin has shown a tendency to form flag-shaped consolidation zones before resuming its climb. The current move is following that same script, with the next technical target sitting at $135. If the pattern holds, LTC may be entering another leg higher, reinforcing its reputation as a coin that thrives on breakout rallies.

Sharpe Ratio Shows Confidence

Beyond the charts, Litecoin’s fundamentals are strengthening. Messari data shows the token’s Sharpe Ratio—a measure of risk-adjusted returns—has climbed to 2.3. This is a notable sign that investors are being rewarded with strong returns while keeping volatility in check. Historically, such an improvement often reflects rising confidence among traders.

Also Read: Will XRP, Solana, and Litecoin ETFs Hit the Market This Week? Analyst Says ‘100%’ Approval

Futures Market Adds Fuel

Momentum is also visible in derivatives markets. Litecoin’s futures open interest has surged by nearly $100 million in a single day, now sitting at $703 million. This suggests fresh capital is flowing into LTC positions, signaling expectations for continued upside. However, higher leverage also raises risks, as both gains and losses can be amplified.

The breakout above $112 has tilted sentiment in Litecoin’s favor. The key question is whether LTC can sustain this momentum and test $135, or if short-term profit-taking will cool the rally. For now, with strong technical signals and improving on-chain metrics, the bullish trend appears intact.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.