Bitcoin News Today: Litecoin's Bearish Tech vs. Bullish Funds: $135 Target in the Balance

Litecoin (LTC) has recently exhibited mixed signals, with bearish technical patterns clashing against bullish institutional and on-chain indicators. While some analysts warn of a potential decline to $90–$100, others highlight growing demand from corporate treasuries and a favorable technical setup that could propel the price toward $124–$135 by late 2025.

Recent price action has raised concerns among traders. A double-top pattern formed as LTC tested the $140–$150 resistance zone multiple times without breaking through, with the latest pullback to $114–$118 signaling short-term weakness Cryptonews.net^[3]. The Relative Strength Index (RSI) at 53.16 and declining volume during the second peak further suggest waning bullish momentum Cryptonews.net^[3]. A breakdown below the $113.62 EMA 20 could trigger a test of $90 support, a level last seen in August 2024 Cryptonews.net^[3].

Despite near-term volatility, Litecoin's fundamentals remain robust. Institutional investors have shown growing interest, with MEI Pharma and Luxxfolio committing over $100 million to LTC treasuries, treating the asset as a "digital silver" reserve CoinMarketCap^[2]. Grayscale's Litecoin Trust now holds over 2.04 million LTC, reflecting sustained demand from institutional portfolios Cryptonews.net^[3]. On-chain data also supports a bullish narrative, with 72% of Litecoin addresses currently profitable and exchange outflows indicating accumulation Cryptonews.net^[3].

Technical analysis highlights a potential breakout scenario. LTC has held above its 30-day SMA ($112.95) and 200-day EMA ($104.84), with the MACD confirming bullish momentum CoinMarketCap^[2]. A close above $124.86, a key resistance level, could target $135–$138, aligning with historical Fibonacci extensions Blockchain.News^[4]. Longer-term projections from analysts suggest a multi-year rally, with some citing a $295–$650 target based on the resolution of an eight-year symmetrical triangle pattern The Currency Analytics^[5].

Litecoin's performance is intertwined with broader crypto market dynamics. The SEC's delay in approving spot ETFs has created regulatory uncertainty, but corporate adoption and improving technical indicators suggest resilience CoinMarketCap^[2]. Additionally, the altcoin market is entering oversold territory (average RSI at 35.3), historically a precursor to rotation phases where altcoins outperform Bitcoin . Analysts note that Litecoin's position within this context strengthens its case for a rebound, particularly if Bitcoin's dominance stabilizes Cryptonews.net^[3].

Litecoin's near-term trajectory hinges on its ability to defend key support levels and capitalize on institutional demand. While bearish patterns like the double-top raise caution, bullish fundamentals and technical setups suggest a path toward $124–$135 by November 2025. Long-term projections, including a potential $295–$650 rally, remain speculative but are grounded in historical patterns and growing adoption. Investors are advised to monitor ETF developments, Bitcoin's dominance, and on-chain activity for directional cues.