"Litecoin Surge: $140 Breakout Imminent, $200 in Sight"

Litecoin, the fifth-largest cryptocurrency by market capitalization, has been making waves in the crypto space recently. The digital asset has been converging within a pivotal zone, sparking speculation about a potential breakout that could see its price reach $140 or remain consolidated in a range.

The surge in Litecoin's price can be attributed to several factors, including the success of the Bitcoin & Ethereum ETF in 2024 and the growing demand for other tokens. Among these, Litecoin and XPR have a high possibility of approval later this year, which has fueled optimism among market participants. The LTC price has been surging monstrously in the past few days, attracting significant volume onto the platform. With the growing momentum and raised optimism, the upcoming breakout may clear the path towards $200 by reaching a very important resistance.

Following Trump's inauguration, the crypto space has become more hopeful with clear regulations. The SEC's change in perception of cryptocurrencies and its acknowledgement of LTC ETF filings have also been major bullish signals for the crypto. The LTC price has surged above an important resistance at $126, clearing the path for a bullish continuation towards higher targets. However, a major breakout is yet to occur that could squash the probability of a rejection.

As seen in the above chart, the LTC price is constantly testing the resistance of the decisive symmetrical triangle, which has intensified since the start of the month. Therefore, a breakout appears to be imminent anytime in the next few days, while the probability of a sustained upswing currently remains uncertain. Although the volume has been above the average range, the technicals suggest less confidence among the market participants.

The Chaikin Money Flow (CMF), which measures the money flow in and out of the asset, has been stuck around the average range of '0' since the start of 2025. This suggests there is no huge inflow of money into the platform, hinting towards less confidence among the traders. Besides, the ADX has reached close to the lower threshold, suggesting a massive drop in the rally's strength while the DMI levels show signs of a potential bearish crossover.

Hence, a breakout above the triangle may only occur with a massive rise in the buying volume; else, the Litecoin (LTC) price may remain consolidated within