- Litecoin is showing strong technical signals, including an ADX crossover and a long-term triangle pattern, suggesting a potential major price breakout.
- Holding support above $105 and breaking resistance at $115 with good volume are crucial for sustaining a bullish rally.
Litecoin (LTC) is drawing significant attention from traders as it maintains strength above $115 in a volatile crypto market. A recent crossover of the Average Directional Index (ADX) above the key 20-level has sparked comparisons to the legendary 2017 rally, where LTC surged by 11,900% after a similar pattern.
A Familiar Signal: Could History Repeat Itself?
Chartered Market Technician Tony Severino points to the ADX’s bullish signal as a potential precursor to a major price move. The positive Directional Indicator (DI+) is showing early signs of strength, hinting at rising upward pressure. If the ADX moves past 25, it could confirm a solid bullish trend that might attract both retail and institutional interest.
Litecoin’s long-term chart structure also supports this outlook. Since 2018, LTC has been forming a symmetrical triangle pattern—often a precursor to big price swings. Resistance looms at $165, while support is around $85. A breakout could set targets at $225, $325, or even $500 if a full bull cycle takes shape.
Litecoin Short-Term Rally in Sight
On the short-term front, LTC is showing growing strength. The Relative Strength Index (RSI) ranges between 60–64, suggesting buyers are in control without entering overbought territory. A bullish MACD crossover further supports the possibility of a near-term rally.
If Litecoin clears the $113–$115 resistance zone with volume, the price could push toward $120 and possibly higher. However, traders are urged to monitor volume closely, as fading interest could drag prices back to support at $109 or $95.
Macro Trends and ETF Buzz Add Fuel
The broader crypto market cap staying above $3.8 trillion is another tailwind for Litecoin. LTC typically performs well during bull markets and is now riding renewed speculation around a potential Litecoin ETF. Institutional inflows, if realized, could elevate Litecoin to blue-chip crypto status alongside Bitcoin and Ethereum.
Litecoin’s price is approaching a critical inflection point. Holding above $105 and pushing past $115 with strong volume could unlock higher valuations in the coming months. While the setup mirrors the early stages of past rallies, a breakdown below key support would weaken the bullish case. For now, all eyes are on whether LTC can follow through—or fall short—as history potentially repeats itself.
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