A crypto analyst has forecasted that the Litecoin price is gearing up for an explosive rally to $110. Unlike Bitcoin and Ethereum, which have seen considerable declines over the past few months, Litecoin appears to be stabilizing, gaining about 7.8% this past week, according to CoinMarketCap. Although LTC has seen its fair share of declines this year, analysts still hold hope that the cryptocurrency could cross the $100 threshold and reclaim former highs. 

Litecoin Price Targets A $110 Breakout

Litecoin may be preparing for a strong upward move, according to a new analysis from TradingView market expert MadWhale. The analyst has indicated that the cryptocurrency has the technical structure needed to break out of its long-term descending channel and potentially climb toward $110. With its current price sitting around $83, a surge to this level would represent a significant 33% rally. 

MadWhale has based his bullish LTC forecast on weekly candlesticks and how the cryptocurrency has consistently responded to past support and resistance levels. He explained that the altcoin had been trapped in a descending channel that has controlled its price for several weeks now. According to the TradingView analyst, Litecoin is now approaching the upper resistance region of the descending channel–a point where traders usually watch for either a clean breakout or a sharp rejection.

From the analyst’s price chart, Litecoin’s support zones have repeatedly held firm, showing that buyers consistently defended the area. Due to this steady support, he expects Litecoin’s bounce near the descending channel’s upper resistance to build momentum. If the support holds, MadWhale suggests the cryptocurrency could skyrocket to $110, completing its breakout from the descending channel. 

A breakout could signal a significant shift, potentially transforming Litecoin’s recent downtrend into a new bullish phase. MadWhale’s chart also highlights the cryptocurrency’s volatility, showing that in early October, LTC had rallied around 33.84%, climbing above $120. However, just days later, it crashed more than 17%, coinciding with the October 10 liquidation event that shook the market. 

Update On LTC’s Price Action

Litecoin is approximately 79% below its all-time high of over $410, recorded during the 2021 bull run. The cryptocurrency has dropped 17.68% over the past week and is down 33% for the year, mirroring the broader decline seen across altcoins. Despite its performance, LTC’s Fear and Greed Index remains in the neutral zone, suggesting that crypto investors are cautiously optimistic.

According to market analyst CW on X, the next sell wall for Litecoin is at $98, about 15% above its current price. Once the cryptocurrency reaches this level, CW expects a significant number of sellers to offload their coins. His chart also highlights the next key resistance levels for LTC, suggesting a potential surge to $98 first and then to the $106-$110 range.

Just about every “getting started with microcontrollers” kit, Arduino or otherwise, includes an ultrasonic distance sensor module. Given the power of microcontrollers these days, it was only a matter of time before someone asked: “Could I do better without the module?” Well, [Martin Pittermann] asked, and his answer, at least with the Pi Pico, is a resounding “Yes”. A micro and a couple of transducers can offer a better view of the world.

The project isn’t really about removing the extra circuitry on the SR-HC0, since there really isn’t that much to start. [Martin] wanted to know just how far he could push ultrasound scanning technology using RADAR signal processing techniques. Instead of bat-like chirps, [Martin] is using something called Frequency-Modulated Continuous Wave, which comes from RADAR and is exactly what it sounds like. The transmitter emits a continuous carrier wave with a varying frequency modulation, and the received wave is compared to see when it must have been sent. That gives you the time of flight, and the usual math gives you a distance.

Since he’s inspired by RADAR, it’s no surprise perhaps that [Martin]’s project reminds us of SDR, and the write-up gets right into the signal-processing code. Does it work better than a chirping module? Well, aside from using fewer parts, [Martin] can generate a full range plot for all objects in the arc of the sensor’s emissions out to 4 meters using just the Pico. [Martin] points out that it wouldn’t take much amplification to get a greater range. He’s not finished yet, though — the real goal here is to measure wind speed, which means he’s going to have to go full Doppler. We look forward to it.

This isn’t the first time we’ve seen the Pico doing fun stuff at these frequencies, and Doppler RADAR is a thing hackers do, so why not ultrasound?

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