Litecoin Aims for $112 Following Sustained Support at $96

Current Price Action: Litecoin is trading above $96, showing potential momentum towards resistance levels at $101.50 and $112, with analysts projecting a target of $140 if a breakout occurs.

Market Sentiment: The price movement remains indecisive, with traders closely monitoring key resistance levels. A decline in Bitcoin dominance could allow altcoins like Litecoin to gain momentum.

Intraday Analysis: The intraday chart indicates a choppy structure near the $101.50 resistance, where a breakout could trigger long positions, while failure to hold above this level may lead to sideways movement.

Future Projections: Analysts emphasize the importance of sustaining above $96 for a gradual move towards $112, with a potential breakout opening the path to $140, highlighting that healthy consolidation often precedes upward trends.