Litecoin (LTC) is showing early signs of exhaustion following a strong rally earlier this month. Now hovering around $103,62, the price is contending with the $105.32 resistance level–a historically significant zone that capped previous attempts in February and March. The next few sessions will be key in determining whether bulls can push higher or if a short-term pullback is on the horizon.

Rally Slows as Price Hits Overhead Barrier

LTC’s recent breakout from its prolonged consolidation below $90 gave bulls a solid momentum boost. However, that run has now slowed, with price action stalling near the upper Bollinger Band–often an indicator of near-term overextension. The $105.32 zone has once again rejected intraday highs, suggesting that selling pressure remains active just above.

Without a strong close above this level, the rally risks losing steam as traders begin to lock in gains and momentum shifts lower.

Key Support Zones in Focus

Support at $102 is already under pressure. If this level gives way, the next critical areas to watch are $98.77 and the 200-period simple moving average at $96.24–both of which have served as reliable technical pivots in previous cycles. A clean break below the 200-SMA could signal the end of LTC’s short-term bullish trend and trigger a broader retracement.

Further weakness might expose the 50-period SMA near $85.19 as the next major floor.

Mid-May Outlook Hinges on Breakout Confirmation

For Litecoin to extend its gains, it must convincingly breach and hold above $105.32. A breakout here could clear the path toward $110. Failing that, a drop beneath $102 would likely open the door to a deeper corrective phase.

Traders should closely monitor volume and price reaction at these key levels. With broader crypto sentiment currently mixed and volatility ticking higher, LTC’s immediate future may hinge on whether buyers can defend support–or fade under resistance.

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