Litecoin closed the daily candle on a bullish note, signaling a pick-up in short-term momentum as price presses against a crucial resistance level near $57. If LTC can break and hold above that zone, the path could open toward the mid-$60s—with $64 and then $68 marked as the next meaningful upside targets. Crypto analyst CryptoWzrd pointed out that LTC’s positive daily close largely echoed Bitcoin’s move, but warned that broader continuation won’t be certain until additional confirmations appear—most importantly strength in the LTC/BTC pair. Right now LTCBTC remains indecisive, suggesting hesitation in Litecoin’s relative strength versus Bitcoin; a clear shift there would confirm capital rotation and stronger underlying demand for LTC. From a structural standpoint, CryptoWzrd said one more strong bullish daily candle from current levels would be needed to validate a breakout above the daily lower-high trendline. If that confirmation comes, Litecoin could move into a more established bullish phase, with $68 emerging as the next major resistance above the $56 area. Conversely, a mere wick through $57 without follow-through won’t be convincing. Intraday, $57 is the decision zone to watch. A clean, sustained hold above this level—ideally accompanied by rising volume and constructive follow-through—would be a signal that buyers are in control and could push price toward $64 and beyond. The analyst emphasized that volume and structure, not just price spikes, are essential before taking a long position. CryptoWzrd also said he’ll be focusing on lower-timeframe setups over the weekend, taking a tactical, scalp-oriented approach while waiting for a more mature higher-timeframe structure to form. He reiterated that Bitcoin’s direction will likely dictate whether any Litecoin breakout gains traction, so traders should remain patient and watch for confirmed market signals before committing to larger directional trades. Takeaway: LTC’s daily close is encouraging, but confirmation—via another strong daily candle, supportive volume, and a bullish turn in LTCBTC—is needed for a sustainable move into the mid-to-high $60s. Until then, traders are advised to prioritize structure and discipline over FOMO. Read more AI-generated news on: undefined/news