LITECOIN TODAY

We can observe on the weekly chart that Litecoin has just broken out from this double bottom which is a bullish chart pattern. That double bottom was formed over the entire course of the bear market. We have now seen a successful breakout from this bullish pattern and even had a retest of that line of resistance (i.e., the green line on the chart), flipping it from resistance to support. This set Litecoin up on a launchpad for a big price run.
If we are honest, Litecoin has been lagging behind many big coins like Bitcoin, Ethereum, and Cardano, all of which have now gone on to break above their previous all-time high. They are all in the price discovery phase.
Litecoin, on the other hand, is still about 45 percent under its previous all-time high. This is quite surprising, especially if you consider how bullish the crypto market has been lately. Litecoin is and also has been a top 10 crypto asset and remains very popular with a strong niche of people behind it.

Litecoin has seen rejection at a critical area of historical resistance, the red area on the chart. A pullback to the green bottom line with a price point of about 185 dollars would be a great area to buy the point where the green arrow on the chart indicates; it would be an excellent area for entry.

If we can break that line of resistance, we need to crush $420 to enter into price discovery for Litecoin finally. Litecoin will probably spark a parabolic price really when we eventually pass over those previous all-time highs.

The first significant post-all-time high target would be around $640. A price of $1,000 for Litecoin during this bull run is not that bad of a target; it will undoubtedly be an excellent area to make profits.
There are several fundamentals and catalysts which are responsible for Litecoin's bullish actions. The first is the upcoming Mimble Wimble upgrade which will be introducing privacy features for Litecoin. The second is the forthcoming Flare token airdrop to Litecoin holders, and the third is that many investors are going to start looking at Litecoin as it is listed on a lot of popular exchanges, and they definitely will see it as a cheaper alternative to Bitcoin.