Litecoin Can Go Parabolic Above This Resistance | Credit: Hameem Sarwar
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Key Takeaways
Litecoin (LTC) broke out from long- and short-term resistances.
The LTC price trades inside the final horizontal resistance at $135.
Can Litecoin break out and begin a parabolic rally to new highs?
Litecoin (LTC) is on the verge of a significant milestone: breaking through a key resistance after years of consolidation.
The $135 resistance area is the final barrier before open skies toward higher prices.
With bullish momentum brewing, it is only a matter of time before Litecoin breaks out.
Litecoin Technical Analysis
On the weekly chart, Litecoin has finally broken out of a long-term descending resistance trendline — a move that came after five failed attempts.
The price is now testing the key $135 horizontal resistance level, a barrier it hasn’t cleared since early 2022.
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Since the start of 2018, LTC has completed an A-B-C-D-E structure (red).
If that is the case, a new five-wave upward movement began in June (green), and Litecoin is in wave three.
A preliminary target for the top of wave three is near $280, while the entire rally could end at $640.
So, the wave count suggests Litecoin might still reach a new all-time high price this year.
Biggest Bull Run Ever
If Litecoin can secure a decisive weekly close above $135, the stage may be set for a powerful surge toward $280 and beyond.
The combination of bullish chart patterns, strong momentum indicators, and a completed long-term corrective structure suggests the downtrend is truly over.
This could be the beginning of a historic run toward new all-time highs for LTC.
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.
