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Key Takeaways:
- Litecoin is testing the crucial $120 resistance after seven years of accumulation.
- Momentum indicators (RSI, MACD) are flashing bullish for the first time in tandem.
- Wave analysis suggests targets of $300 to $640 if a breakout is confirmed.
Litecoin (LTC) is flashing strong bullish signals as it approaches a pivotal moment. After seven years of price compression within a symmetrical triangle, LTC is testing the critical $120 resistance. Technical indicators and wave analysis suggest a parabolic breakout could be imminent — potentially driving the altcoin to new all-time highs in 2025.
$120 Resistance: The Gatekeeper to a Rally
The $120 level has been a historic pivot for Litecoin since 2017, acting alternately as support and resistance. In January 2025, LTC faced a sharp rejection at this level, but the current retest shows stronger bullish conviction. Adding significance to this zone, the $120 barrier also overlaps with the resistance line of an ascending parallel channel, compounding its technical importance.
A confirmed breakout above $120 could signal the start of a massive upward move, with the next major resistance around $210 — nearly double the current price.
Technical Indicators Align in Bullish Formation
Weekly momentum indicators are now supporting the breakout thesis. The Relative Strength Index (RSI) is above 50, indicating positive momentum, while the MACD has flipped bullish. Although these indicators have been strong individually in the past, their current alignment is unique.
This rare convergence strengthens the Litecoin price outlook and signals that a breakout, if confirmed, could lead to a swift surge in buying pressure.
Wave Count Predicts a Parabolic Move to $300+
According to Elliott Wave Theory, Litecoin appears to be in wave three of a five-wave bullish cycle. Historically, wave three is the most aggressive phase of an uptrend. Analysts project that wave three could take LTC to around $300, while wave five could push it past previous all-time highs.
Also Read: Litecoin [LTC] Jumps 42% in a Month — Can Bulls Target $134 Before a Pullback?
The 1.61 Fibonacci extension of the previous drop offers a long-term target of $640 — representing a nearly 5x increase from current levels.
Litecoin’s multi-year consolidation appears to be ending. With price action pressing against long-standing resistance, strong momentum indicators, and a bullish wave count, LTC could be preparing for a breakout that redefines its market narrative.
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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
