Litecoin followed the broader market pullback but has bounced above support.
On-chain data shows that LTC price might reach $190 before the market tops.
Technical analysis reveals support for the target, nearly 2x the current value.
After several weeks of upside, Litecoin (LTC) has pulled back to $110. However, current signals suggest the altcoin may not be headed for another steep correction like the one it endured in Q2.
Instead, on-chain and technical indicators point to the possibility of a gradual rebound. If momentum builds, LTC’s price could begin climbing again soon.
Litecoin Pullback Nearly Over
On the 4-hour chart, CCN observed that Litecoin recently dipped into oversold territory, with the Relative Strength Index (RSI) falling below 30.
However, the RSI has since rebounded to 40.36, signaling that momentum is shifting from bearish to bullish.
At the same time, LTC’s price has bounced off the lower trendline of its descending triangle, showing signs of resilience.
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Now, the altcoin is eyeing a breakout above the upper resistance line. If this breakout holds, it could confirm a reversal and set the stage for further upside.
Adding weight to this outlook, the Awesome Oscillator (AO) has flashed a green histogram bar, signaling that bullish momentum is beginning to build.
The AO turning positive often suggests that short-term price strength is overtaking longer-term weakness.
If additional green bars follow, it would reinforce the bullish shift and increase the probability of Litecoin testing higher resistance levels.
From an on-chain perspective, the Pi Cycle Top indicator suggests Litecoin’s price could climb to around $190 in this cycle.
The model, which tracks moving average crossovers to estimate potential market tops, has built a reputation for timing shifts in the crypto markets.
For instance, the Pi Cycle Top correctly signaled Bitcoin’s peaks in 2013, 2017, and 2021, within just a few days of the actual top. While not perfect, its historical accuracy has made it one of the most closely watched on-chain metrics.
Applied to Litecoin, the indicator now points to a significant upside, which is still ahead. LTC may rally toward $190 if market momentum continues before reaching its cyclical peak.
Litecoin continues to show strength on the daily chart as its price holds within an ascending triangle pattern. This formation typically signals accumulation.
With strong support along the lower trendline, LTC’s price could repeatedly test the overhead resistance at $128.63.
As long as LTC maintains this structure, the setup favors a potential breakout to the upside. Should this be true, Litecoin’s price might breach the resistance at $147.42.
However, traders might need to watch out. If the altcoin drops below the support line, this prediction might be invalidated, and LTC might decline toward $80.35.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
