Litecoin Nears Breakout Above Multi-Year Resistance

Litecoin is on the verge of breaking out above a long-standing multi-year resistance level, potentially leading to significant price increases. The cryptocurrency currently trades at $125.80, approaching this key barrier after experiencing a strong weekly rally of 13.96%. Analysts believe that if a breakout occurs, LTC could reach targets of $168.53, $198.66 and $227.97 based on its historical price action and measured move calculations.