Litecoin (LTC) Price Rises and Breakout Charts Point to $100 as the Next Big Target

Key Takeaways

• Litecoin (LTC) trades inside an ascending parallel channel.
• The price broke out from a descending resistance trend line.
• Can Litecoin sustain its increase and move above $100?

Litecoin started 2025 positively, approaching its cycle high in February. However, it has fallen significantly since, making its yearly performance a negative 15%.

Litecoin has also struggled against Bitcoin (BTC), losing over 20% since the start of the year.

Nevertheless, the recent LTC breakout sparks optimism, pointing to a target above $100.

Let’s analyze a few charts and see if the Litecoin price rally will continue.

Litecoin Price Bounces

The weekly time frame analysis shows that Litecoin has increased inside an ascending parallel channel since 2022.

More recently, it bounced (green icon) at the trend line in April 2025, preventing a breakdown and triggering an increase toward its midline.

The channel’s midline also coincides with the $100 horizontal resistance area, increasing its importance.

Litecoin’s trend can not be considered bullish until the price exceeds this resistance.

Despite the nearly 40% price increase since the lows, technical indicators are still bearish.

The Relative Strength Index (RSI) is below 50, while the Moving Average Convergence/Divergence (MACD) is negative.

So, the weekly time frame does not confirm the trend’s direction.

Litecoin Breaks Out

The daily time frame Litecoin chart shows the price broke out from a descending resistance trend line after completing a five-wave decline (red).

If so, the LTC price has started an A-B-C corrective structure (green) and is currently in wave A.

The bullish RSI and MACD legitimize the breakout and the upward movement.

An ascending parallel channel contains the movement, a breakdown from which can trigger the start of wave B.

While the wave count suggests that LTC can reach the 0.5-0.618 Fibonacci resistance area at $102-$111, this will mark the top of the corrective increase.

So, the Litecoin price is increasing in a corrective rally and will not break out from its long-term resistance.

Litecoin to $100

The Litecoin price prevented a breakdown by bouncing at a long-term ascending parallel channel.

While the short-term chart is bullish, it suggests the current increase is a corrective rally.

Therefore, the LTC price will reach the $100-$110 resistance region, but a breakout is unlikely.