Litecoin (LTC) has lagged in the current crypto market cycle, beginning its rapid increase only in November 2024. Furthermore, the increase was short-lived, since Litecoin peaked in December 2024 and created a lower high the next month.
Litecoin closed below $100 in March, invalidating the previous breakout and casting doubt on its long-term bullish potential. Now, the question is: Can Litecoin regain its momentum, or is another drop inevitable? Let’s find out.
Litecoin Closes Below Support
The weekly time frame shows that LTC has traded inside an ascending parallel channel for nearly three years.
The price made three unsuccessful breakout attempts (red icons) in the past four months before falling.
Technical indicators are bearish, legitimizing the breakdown. The Relative Strength Index (RSI) fell below 50, while the Moving Average Convergence/Divergence made a bearish cross.
If Litecoin’s breakdown continues, the next closest support area will be at $65. Since channels usually contain corrective movements, an eventual breakdown from it is likely.
Litecoin’s 2025 Price Trend
Litecoin’s long-term wave count suggests the price has traded inside a long-term symmetrical triangle pattern since its all-time high in 2018. If the count is accurate, LTC is in wave E, which will complete the structure.
Wave E could end near $60, reaching the triangle’s and channel’s support trend line, which coincide.
After wave E ends, a successful breakout could take the LTC price to $598, reaching the pattern’s 1.61 external Fibonacci retracement of the pattern.
However, it is worth remembering that the triangle’s support and resistance trend lines will converge in 2027. So, the LTC price could continue consolidating for a while before eventually breaking out.
On the other hand, a breakdown from the triangle will invalidate the bullish long-term Litecoin prediction. If that happens, the next closest support area will be at $38.
More Downside Ahead
The Litecoin price confirmed it started its bearish trend reversal because of its weekly close below $100.
Litecoin’s decline also took it below the middle of an ascending parallel channel, confirming the breakdown.
If the downward movement continues, the next closest support will be near $60.
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.
