Litecoin (LTC) is currently trading at $108 following a significant spike of over 6%. The trading volume of LTC has surged by more than 43%, reflecting renewed interest and activity in the market. After several days of bearish pressure and considerable losses across the cryptocurrency market, today marks a positive turnaround as the market capitalization has recorded a gain exceeding 4.14%, pushing major assets into the green zone.

Notably, some of the largest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are also trading with upward momentum. Among the altcoins, Litecoin stands out with a daily price increase of 6.07%. In the early hours, LTC was trading around $99.16 before experiencing a bullish shift that propelled its price to a high of $113.24.

If the upward correction continues, it may strengthen the bulls’ position, potentially driving the price even higher. According to CoinMarketCap data, at the time of writing, Litecoin is priced around $108, maintaining a market cap of approximately $8.26 billion. Additionally, the trading volume has surged by over 43.9%, reaching around $1.82 billion.

### Can the Bulls Keep Litecoin’s Momentum Alive?

A closer look at Litecoin’s technical indicators suggests ongoing bullish momentum in the market. The MACD line remains above the signal line, signaling potential for continued upward movement if the gap between these lines widens further.

The Chaikin Money Flow (CMF) value stands at 0.05, indicating slightly positive buying pressure. This suggests capital is flowing into Litecoin, although the accumulation strength is mild, portraying a moderate bullish sentiment rather than an intense uptrend.

Litecoin’s daily Relative Strength Index (RSI) is currently at 65.13, reinforcing the view of strong bullish momentum. However, should the RSI continue rising towards 70 or above, traders might anticipate a possible overbought condition or a slowdown in the trend.

The Bollinger Band Percent (BBP) reading of 12.57 shows that bulls currently have strong control over the market. This positive value indicates buying pressure outweighs selling pressure, supporting continued upward momentum.

### Key Price Levels to Watch

The current price movement reflects a solid bull run. If this momentum persists, bulls could break through the key resistance level at $108.15. An extended upward correction might then push Litecoin’s price to test the $108.30 mark.

Conversely, if the price falls below the immediate support range of $107.90, bearish strength could increase. Further downside pressure may drive the price down to critical support levels below $107.75.

As Litecoin’s price action unfolds, traders and investors should keep an eye on these pivotal levels and technical indicators to gauge future movements effectively.

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