Litecoin Price Near $101 With Bullish Setup

● Trader Manual Randy recently flagged an interesting setup on Litecoin (LTC/USD), suggesting the coin might be gearing up for some solid short-term gains if it can push past resistance near $101. Right now, LTC is hovering around $100.65 after a quick dip, and the chart's showing a tightening pattern that could go either way.

● Randy's playing it smart with a super tight stop-loss at $99.70—basically saying he's ready to bail fast if things don't work out. But if the price breaks above those recent highs? He thinks we could see some decent upside.

● The interesting angle here is the privacy coin narrative that's been heating up lately. Litecoin's got that MimbleWimble upgrade (MWEB for short) that adds privacy features, making it one of the few big-name coins that manages to be both regulatory-friendly and privacy-focused. Randy points out that while other privacy coins have already pumped, Litecoin hasn't really run yet—which could mean it's next in line. That said, if LTC drops below $99.70, the whole setup falls apart and we'd likely see selling pressure kick in.

● Looking at the chart structure, it appears the pullback might be done, and a new move up could be starting. If LTC breaks cleanly above $101.40, we're probably looking at targets around $102.50 to $103.00. Fall below that $99.70 line though, and it's game over for this particular trade idea.

● What makes Litecoin interesting right now is its dual identity—it's both a payment coin and a privacy play. As people look for alternatives beyond Bitcoin and Ethereum, LTC's cheap transactions and solid liquidity make it an attractive option when capital starts rotating.

● With the technicals tightening up and sentiment starting to shift, Litecoin's definitely one to watch if you're looking for a potential breakout play around that $101 level.