Litecoin has been one of the best-performing crypto assets in 2025. The price immediately retraced all the losses from the Feb. 3 crypto market liquidation and created a higher low on Feb. 25.
While the price still trades in a corrective pattern, it is close to making its fourth breakout attempt.
Let’s look at the price movement and see if this one will succeed or fail like the other three.
The weekly time frame chart shows that LTC broke out from a long-term descending resistance trend line in November 2024. The breakout led to the cycle high of $147.22 next month.
While LTC fell afterward, it validated the trend line and the $105 area as support in January, creating a very long lower wick (green icon).
Despite this week’s decline, the LTC price is in the process of creating a similarly long lower wick. Currently, Litecoin trades only 14% below its cycle high.
While the price action shows bullish signs, technical indicators have begun to show weakness.
This is visible in both the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD), which have created lower highs and could generate bearish divergences (orange).
Nevertheless, the indicators are still increasing and above their bullish thresholds at 50 and 0, respectively.
So, the weekly time frame is inconclusive when determining the direction of future trends.
Litecoin Breakout Soon?
Litecoin’s daily time frame leans more bullish. The chart shows that the price has fallen inside a descending parallel channel since the cycle high.
These channels usually contain corrective movements, leading to a price breakout.
Furthermore, Litecoin trades in the channel’s upper portion after bouncing at its midline on Feb. 25 (green icon). The LTC price now attempts to break out from the channel.
Technical indicators are leaning bullish since the RSI increased above 50 while the MACD has nearly made a bullish cross (black circle).
The wave count supports the breakout. The count suggests Litecoin is in wave C of an A-B-C structure (green) that started in June 2022. The sub-wave count is in orange.
The main target for the top of the increase is $170-$175, created by giving wave C 1.61 times the length of wave A and sub-wave five the same length as waves one and three combined.
Since the A-B-C structure moves upward, the long-term trend is bearish. As a result, a downward movement is likely once LTC reaches its target.
Final Upward Movement
Litecoin has been one of the strongest assets in the ongoing crypto market correction. A breakout from the parallel channel could start the final portion of Litecoin’s upward movement, targeting $170-$175.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
