Litecoin (LTC) is trading around $112, with technical indicators suggesting a potential rise to $120. Analysts have identified a completed ABC correction and a forming bullish divergence, with the Relative Strength Index (RSI) at 47.91 indicating a possible rebound. Analyst Matthew Dixon points to favorable risk-to-reward conditions, supported by both hidden and regular bullish divergences, suggesting limited downside risks and potential upward momentum. The market is closely monitoring whether LTC can maintain its position above $112 to target $120 and possibly $128, while a failure to hold could lead to tests near $108 or $100.