Litecoin Breaks Out Near $115.50: Could This Signal a Move Towards $8,400?

Litecoin is currently consolidating before potentially breaking out towards its long-term target of $8,400. Current price action shows the coin holding above key support levels, with $115.50 acting as a breakout point. Analysts note that this level aligns with historical trends and previous rallies. The current accumulation phase suggests growth is possible if broader market conditions improve.