Bitcoin News Update: Litecoin Faces Crucial $101.50 Barrier—Will It Surge or Retreat?

Litecoin (LTC) is currently hovering around a crucial support zone near $96, with traders closely eyeing the $101.50 mark as a potential trigger for an upward move. Historically, Litecoin’s price has often followed Bitcoin’s trends, and recent technical analyses have brought attention to long-term accumulation patterns and possible rally drivers.

is trading not far from its 2021 peak of $386.45, about whether the current market setup could lead to a sustained rally or simply a short-term consolidation.

According to a recent 4-hour chart review by trader @mr_uponly on TradingView, a significant resistance has formed at $105, which is considered a pivotal level by Elliott Wave analysts. Surpassing this barrier could initiate a strong upward movement, while losing the $96 support might result in a sharper decline.

between $96 and $103 lately, indicating increased sensitivity to overall market trends and Bitcoin’s price action. The community remains split, in 2017 and 2021—when Litecoin broke out of extended ranges and soared 5 to 10 times—while others caution about possible pullbacks of 20–30% even in bullish scenarios.

On the weekly timeframe, Litecoin has consistently attracted buyers in the $90–$95 region, as shown by repeated long lower wicks that suggest strong support. This has led some market observers to compare the current setup to previous accumulation periods that preceded major price increases.

would require sustained trading volume and a decisive close above $105, which has yet to occur. Changelly’s forecasting models point to a possible move into the $100–$125 range by the end of the month, provided Bitcoin remains steady and Litecoin avoids extended drops below $96.

On the daily chart, Litecoin’s price movement continues to closely track that of

. After closing at a bearish $99.94 on November 16, dropped to $96.50 the following day as Bitcoin hovered near $95,320. Analysts have highlighted two critical levels: resistance at $101.50 and support at $91.50. have served as key decision areas, with traders watching to see if LTC can finish the week above $101.50 without dipping under $96.

Long-term forecasts differ significantly. Analyst Knight has set a $400 target if market conditions are favorable, while Flowstate Trading sees $140 as a more achievable goal should the overall crypto market sentiment improve. The ambitious $650 projection, which has gained traction on social media, depends on several factors,

above $105, ongoing strength in Bitcoin, and higher trading volumes to confirm a shift in trend.

As of November 17, Litecoin was priced at $96.97,

.