Litecoin (LTC) has been facing a persistent challenge in the past three months as it struggles to surpass the crucial resistance level at $136. Despite numerous recent attempts to break through this barrier, the altcoin has been finding it difficult to sustain upward momentum.

While optimism lingers for a potential breakthrough, the lack of strong investor support hints at possible further price declines.

Litecoin's Long-Term Holders (LTHs) have not exhibited significant bullish behavior as indicated by the Mean Coin Age (MCA) metric. The absence of notable accumulation suggests a stagnant market, possibly indicating a lack of confidence from long-term holders. While a noticeable downtrend in the MCA could signal a bearish trend due to LTHs selling off, the current scenario implies that Litecoin might avoid a sharp decline but could struggle to attract substantial long-term investments.

The overall market sentiment for Litecoin is influenced by the Chaikin Money Flow (CMF) indicator, which has been struggling to stay above the zero line for the past couple of months. The limited inflow of funds has impeded Litecoin's ability to rally significantly, despite recent minor positive movements in the CMF. This state of indecision leaves Litecoin's future uncertain, with market hesitancy apparent in its stagnant pricing throughout the year.

Litecoin's current price of $129 marks a 13% increase in the last 24 hours, edging closer to the critical resistance level of $136. While a potential rally is on the horizon, the challenges that led to previous failed attempts remain prevalent.

A failure to breach the $136 resistance may see Litecoin retreat to $117 and potentially $105, indicating a continuation of the downtrend. Breaking past this hurdle and establishing it as support could pave the way for a rally towards $147, just shy of the psychological $150 mark. This breakthrough would invalidate the bearish trend, potentially setting Litecoin on track for higher price levels.