Litecoin Surges 4% as Bullish Momentum Drives Breakout Above $90

Litecoin (LTC) has recently gained significant attention as bullish momentum sweeps across the crypto market. After a period of volatility and sideways movement, Litecoin has shown signs of strength, pushing above key technical levels and attracting fresh investor interest. The broader market recovery, driven by optimism in Bitcoin and Ethereum, has created favorable conditions for altcoins to regain traction, with Litecoin being one of the potential beneficiaries.

Top analyst Carl Runefelt recently highlighted a major development in Litecoin's technical analysis. According to Runefelt, Litecoin has broken above a key level on the daily chart, which is a critical technical signal suggesting a potential trend reversal after weeks of consolidation and indecision. While resistance remains overhead, analysts believe that a confirmed reclaim of this level as support could trigger an expansive phase for LTC, opening the door to strong upside moves.

As institutional interest in crypto grows and macroeconomic conditions stabilize, assets like Litecoin—known for speed, low fees, and high liquidity—may attract attention from traders and investors seeking asymmetric returns. With momentum on its side and market sentiment shifting, the coming days will be crucial to determine whether Litecoin can turn this breakout into a full-scale rally.

Litecoin is currently trading above $90, having broken out of its downward trend, signaling renewed buying interest and technical strength. This move is particularly significant, given months of sideways consolidation and the broader market’s gradual recovery. According to Carl Runefelt, Litecoin has decisively broken above its descending resistance on the daily chart—a bullish technical setup that could pave the way for further gains. Runefelt believes the next target is $97.10, a level that, if reached and held, could mark the start of a new upward leg for LTC. The recent breakout has reignited interest in Litecoin’s medium-term prospects, especially as traders look for altcoins with momentum and untapped upside.

Adding to the optimism is speculation surrounding a potential Litecoin spot Exchange-Traded Fund (ETF). The probability of approval for a Litecoin spot ETF by October 2 has risen to an impressive 95%. Such a product would offer institutional investors a new and regulated vehicle to gain exposure to LTC, potentially unlocking significant inflows.

With favorable technicals and strong fundamentals aligning, Litecoin appears poised for a breakout. The coming days will be critical as bulls aim to confirm support above $90 and push toward the $97.10 resistance. If ETF approval expectations continue to build alongside broader market momentum, Litecoin could emerge as one of the top-performing altcoins of the current cycle.

Litecoin is showing strong bullish momentum after breaking above a key descending resistance level on the daily chart. LTC surged over 4% in the last session, closing at $91.23. This breakout follows weeks of tight consolidation near the $85 zone and signals growing interest as market sentiment improves across the board. Price has now moved decisively above the 50-day and 100-day moving averages, which have acted as resistance in recent weeks. The next challenge lies at the 200-day moving average, currently near $98.50, which aligns closely with the analyst-projected target of $97.10. Reclaiming that level would confirm a full trend reversal and open the door to testing the $100 psychological level.

Volume has also picked up, supporting the breakout and suggesting that buyers are stepping in. If bulls maintain momentum and consolidate above $90, Litecoin could confirm a shift in market structure and set the stage for a broader rally. On the downside, any rejection at the 200-day MA could trigger a retest of the $87–$89 support area.