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Litecoin (LTC) made a notable surge in the crypto market, rising nearly 10% in just three hours—from $71.02 to $77.58. This jump came after news that former President Trump had paused tariffs, sparking a wider market rally. Litecoin’s impressive movement was part of a broader crypto market uptrend, which saw the total market value climb 7%, reaching $2.6 trillion. Bitcoin and Ethereum also posted strong gains, contributing to the overall momentum that powered Litecoin’s rise.
Digging deeper into Litecoin’s price action, a classic “bullish flag” pattern is forming, a setup often favored by traders for its potential to signal further upward movement. The pattern begins with a sharp rally—the “flagpole”—which in Litecoin’s case, saw it climb from $71 to $77.58, supported by strong buying volume of 313.5K. Following this surge, Litecoin entered a consolidation phase, where the price moved within a narrow range between $74.50 and $77, forming the “flag” portion of the pattern.
Also Read: Litecoin (LTC) Eyes Breakout After 4-Month Correction: Will $86.86 Confirm a Bullish Recovery?
Currently, Litecoin is in a calm phase after the initial spike, with buyers and sellers showing signs of balance. This pause is typical after a significant price jump, but the chart suggests a potential breakout is on the horizon. For the bullish flag pattern to confirm, Litecoin must break through the $76–$77 resistance zone, with high trading volume required to ensure the breakout holds.
If Litecoin successfully breaches this resistance, it could experience another price jump of around $6.55, potentially reaching $83—an 8.5% gain from the breakout point. However, if the price falls below $74 amid strong selling pressure, the bullish scenario would be invalidated, and Litecoin could head lower.
As of now, Litecoin is trading at $74.88, reflecting a 6.45% increase in the last 24 hours. With a market cap of $5.65 billion and a trading volume of $684.38 million, Litecoin’s movement reflects a broader positive market sentiment, driven by Bitcoin and Ethereum’s bullish performance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
