The post Triple Rejection for LTC, Breakout or Breakdown Ahead? appeared on BitcoinEthereumNews.com.  Key Insights  Litecoin faces its fourth test of $140 resistanceThe post Triple Rejection for LTC, Breakout or Breakdown Ahead? appeared on BitcoinEthereumNews.com.  Key Insights  Litecoin faces its fourth test of $140 resistance

Triple Rejection for LTC, Breakout or Breakdown Ahead?

2025/08/15 02:35
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 Key Insights 

  • Litecoin faces its fourth test of $140 resistance after three previous failed breakout attempts since December.
  • LTC gained 38% in one month, outperforming Apple and other megacap tech stocks significantly.
  • A breakout above $140 could target $160, while failure may lead to support retests at $120.
Triple Rejection for LTC, Breakout or Breakdown Ahead?

Litecoin (LTC) is approaching a key resistance level that has previously rejected price advances on three separate occasions. 

According to a chart shared by analyst Ali Martinez, LTC has failed to break above the $138–$140 level during prior attempts between December 2024 and March 2025. Each rejection from this zone resulted in a downward move, confirming it as a firm resistance area.

Volume and momentum will likely play a key role in determining the next move. As analyst Ali asked, “What do you think happens next?” — the market now waits for confirmation.

LTC is now testing this level again, trading at around $129.91 before a recent decline. This marks the fourth time the price is nearing the same barrier. Repeated attempts to breach a resistance level often lead traders to watch closely for either a breakout or another reversal. A move above $140 could shift the technical outlook, while another rejection may send the price lower.

Price Action and Support Levels

After rising from below $100 in early July, Litecoin has shown steady upward momentum, gaining more than 30% over a few weeks. However, recent price action shows a pullback. As of press time, Litecoin was priced at $122.19, recording a 7% decline in the last 24 hours. Over the past week, LTC is still up by 1%, reflecting continued interest despite the short-term dip.

If Litecoin fails to break through the $140 zone again, the next level to monitor may be the support around $120. Below that, the $110 region could come into play. These levels previously acted as key zones during both rallies and corrections.

Litecoin Outperforms Major Tech Stocks

In terms of one-month returns, Litecoin has outperformed several large-cap traditional assets. According to data shared by Post Santolita, LTC gained 38% over the past month, compared to 12% for Apple (AAPL) and 7% for other megacap stocks. This sharp difference highlights the volatility and short-term performance potential in the crypto market.

Noting how the Litecoin moved more aggressively than established tech stocks during the same period, Santolita wrote, 

This performance has drawn attention from both crypto traders and broader market watchers.

Source: Santolita/X

With Litecoin trading just below a major resistance level, traders are watching to see if the fourth attempt at a breakout will succeed. A clear move above $140 may open the path toward $160, while failure could result in a retest of lower support levels.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/triple-rejection-for-ltc/

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