Litecoin Approaches Key Resistance Zone Amid Whale Accumulation

Litecoin has been steadily climbing, approaching a key on-chain resistance zone between $107 and $110. This zone is significant because over 3.9 million LTC were previously acquired by 131,970 addresses in this range. The dense supply wall at this level could trigger significant selling pressure, especially from addresses that are nearly at breakeven. This resistance zone may stall upward momentum unless broader market sentiment and demand shift decisively. The next few sessions are likely to be pivotal in determining whether Litecoin extends its rally or faces rejection.

Technically, Litecoin has confirmed a double bottom formation on the daily chart, marking a trend reversal after months of decline. The neckline of this formation sits just below $110, which overlaps the on-chain resistance zone, amplifying its significance. If bulls manage to break and retest this level, the projected upside target lies near $130, representing a 24% potential gain. This setup adds further weight to bullish expectations, especially when combined with rising accumulation metrics. Therefore, price action around the $110 mark will be decisive in validating or invalidating the breakout structure.

On-chain concentration data shows that whale wallets—those holding large LTC balances—have increased their holdings by 5.44% over the past thirty days. This accumulation trend suggests strong confidence from large entities, despite resistance looming overhead. Retail holdings have also slightly risen by 0.34%, at press time, while institutional investors have reduced exposure. Therefore, whales could be positioning for a breakout and long-term upside. Historically, renewed whale interest has preceded major price movements, implying that smart money is preparing for a continuation of the current uptrend.

At the time of writing, Litecoin recorded a $3.55 million net outflow from spot exchanges, extending the recent trend of reduced supply on trading platforms. These outflows often indicate investor confidence, as users move tokens into cold storage. Furthermore, exchange balance depletion suggests that immediate sell pressure may remain low even near resistance. Therefore, combined with the technical breakout and whale accumulation, these steady outflows support a bullish medium-term outlook. The absence of panic selling hints at growing belief in Litecoin’s long-term potential.

Litecoin’s path forward hinges on its ability to flip the $110 resistance zone into support. While Funding Rates, whale activity, and technical patterns favor the bulls, extreme leverage and heavy supply overhead could trigger a short-term rejection. However, if buyers sustain momentum and confirm a breakout, the next major target lies at $130, supported by strong on-chain signals.