Analyzing if Litecoin [LTC] can breach $137 and trigger a squeeze

Key Takeaways

Litecoin’s uptrend holds above trendline support as whales boost long positions. Liquidity clusters at $137 hint at a breakout, though Stochastic RSI suggests a short-term pullback before possible new yearly highs.

Litecoin [LTC] rallied over 10% in the past 24 hours, at press time, extending a steady uptrend that has held for weeks.

The price continued to respect its ascending trendline support — a level that quietly kept bulls in control after the last bounce near $104.

On the daily chart, momentum has been building in a familiar pattern.

However, the Stochastic RSI sat deep in overbought territory at press time, signalling possible short-term exhaustion. Naturally, this could lead to a brief pullback before another push higher.

Liquidity targets set around $137

All eyes are now on $137 — a level that aligns with both technical resistance on the daily chart and a significant liquidity pocket on derivatives markets.

CoinGlass’s Liquidation Heatmap revealed dense liquidation bands stacked between $135 and $137, indicating a large block of unmitigated short positions.

These clusters often act as magnets for price action, as market makers push prices toward them to trigger stop-loss orders and unlock liquidity.

In this case, a breakout above $137 could force a cascade of short liquidations. Given the relatively thin order book conditions above this range, such a move could accelerate quickly, potentially driving LTC toward its yearly high near $147.22.

Litecoin’s big market players are not backing down anytime soon

AMBCrypto’s analysis of CryptoQuant’s Futures Volume Bubble Map showed heating market conditions.

Whales were actively adding long positions, pushing Open Interest higher.

This order buildup near current levels signaled a potential continuation of Litecoin’s bullish run — a sign the market wasn’t hitting the brakes yet.

Having said that, rallies rarely move in straight lines. A short correction wouldn’t be unusual before another upward leg.

For now, it’s a tug of war between profit-takers and momentum traders. If bulls prevail, $137 could open the door to Litecoin’s next yearly high.

With market structure and on-chain metrics still leaning bullish, the cautious Stochastic RSI may point to a near-term pause. However, the broader long-term bias remains firmly in favor of the bulls.