Litecoin (LTC) Rallies to $120 as Bulls Target $135 September Close
Darius Baruo Sep 13, 2025 09:37
LTC surges 3.75% to $120.13 as technical indicators signal bullish momentum toward $127-$135 range by late September, despite recent market volatility.
Quick Take
• LTC currently trading at $120.13 (+3.75% in 24h) • Litecoin's RSI at 58.51 suggests neutral zone with room for upward movement • Technical analysts project $127-$135 price target by late September 2025
What's Driving Litecoin Price Today?
The LTC price has rebounded strongly today, gaining 3.75% to reach $120.13 after experiencing significant volatility over the past week. This recovery comes as technical analysts release increasingly bullish projections for Litecoin's near-term performance.
Recent technical analysis published today suggests Litecoin could reach the $127-$135 range by late September 2025, driven by improving momentum indicators. This follows earlier predictions from September 9th that identified $116-$126 upside potential for October 2025, indicating growing analyst confidence in Litecoin's trajectory.
However, this optimism comes after Litecoin experienced a sharp 6.1% decline on September 7, 2025, which dragged down the broader CoinDesk 20 Index. Despite this recent setback, the current price action suggests that buyers have stepped in to support LTC around key technical levels, creating the foundation for the projected upward move.
LTC Technical Analysis: Bullish Signals Emerge
Litecoin technical analysis reveals several compelling bullish indicators that support the recent analyst projections. The most significant signal comes from Litecoin's MACD histogram, which shows a strong reading of 0.8969, indicating robust bullish momentum building beneath the surface.
The LTC RSI currently sits at 58.51, positioning Litecoin in the neutral zone with substantial room for upward movement before reaching overbought conditions. This suggests that the current rally has room to extend without triggering immediate selling pressure from momentum traders.
Litecoin's position relative to its Bollinger Bands tells an interesting story, with the %B reading of 1.0974 indicating that LTC has broken above the upper band at $118.95. While this typically suggests short-term overbought conditions, in strong trending markets, prices can remain above the upper band for extended periods.
The moving average structure strongly favors bulls, with the LTC price trading well above all key averages. Litecoin sits $4.24 above its 7-day SMA of $115.89 and maintains a significant premium of $22.60 over the crucial 200-day SMA at $97.53, confirming the overall bullish trend remains intact.
Litecoin Price Levels: Key Support and Resistance
Based on Binance spot market data, several critical levels will determine Litecoin's next move. The immediate LTC resistance sits at $120.16, which represents today's 24-hour high and a level that bulls must decisively break to confirm the bullish momentum.
Above this level, Litecoin support levels become less relevant as the focus shifts to the strong resistance at $134.19. This level aligns closely with the analyst target range of $127-$135, making it a crucial zone for profit-taking and potential reversal.
On the downside, the pivot point at $118.40 represents the first line of defense for bulls. A break below this level could trigger a retest of the immediate support at $106.38, which corresponds roughly to the lower Bollinger Band at $106.85.
The strong support at $103.16 represents a critical level that has held during recent volatility. A breakdown below this zone would invalidate the bullish thesis and potentially trigger a deeper correction toward the 200-day moving average.
Should You Buy LTC Now? Risk-Reward Analysis
For aggressive traders, the current setup presents an attractive risk-reward profile with the LTC price trading near the lower end of the projected target range. The immediate resistance at $120.16 offers a logical stop-loss level for short-term positions, while the $127-$135 target provides a favorable reward-to-risk ratio.
Conservative investors might consider waiting for a pullback to the $115-$117 range, which would align with the 7-day and 20-day moving averages. This approach would provide better entry prices while maintaining exposure to the bullish momentum identified in the Litecoin technical analysis.
Swing traders should monitor the LTC/USDT pair closely around the $120.16 resistance level. A decisive break above this zone with strong volume could signal the beginning of the move toward the analyst targets, making it an ideal entry point for medium-term positions.
Risk management remains crucial given Litecoin's daily ATR of $4.73, which indicates significant volatility potential. Traders should size positions appropriately and maintain stops below key support levels to protect against unexpected reversals.
Conclusion
The LTC price action today reflects growing optimism about Litecoin's near-term prospects, with technical indicators supporting the analyst projections for a move toward $127-$135 by late September. The combination of bullish MACD momentum, neutral RSI readings, and strong moving average support creates a compelling technical foundation for continued upside. However, traders should remain vigilant around the immediate resistance at $120.16, as a failure to break this level could trigger short-term consolidation before the next leg higher materializes.
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