Here's Why Litecoin Will Go Parabolic Soon | Credit: Hameem Sarwar
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Key Takeaways
Litecoin is breaking out from a long-term resistance trend line.
The LTC price has begun wave three in a five-wave upward movement.
Will Litecoin finally reach a new all-time high price in 2025?
Litecoin is heating up as bulls finally test a significant resistance level that has capped the price action for nearly a year.
After bouncing from long-term support in April, a breakout from the diagonal resistance will be the final confirmation that the trend has turned bullish.
Litecoin could go parabolic if a breakout occurs because of the lack of overhead resistance.
Let’s examine the charts and see how likely this breakout is.
Litecoin Price Analysis
The weekly time frame shows that LTC has increased since bouncing off a long-term ascending support trend line in April (green icon).
Even though the increase has been substantial, Litecoin failed to break out from a diagonal resistance trend line that has existed for nearly a year.
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Momentum indicators are bullish, suggesting the breakout will be successful. The Relative Strength Index (RSI) is above 50, while the Moving Average Convergence/Divergence (MACD) is positive.
So, the weekly time frame gives a bullish prediction for Litecoin, suggesting that the price will break out and hit $275 before the end of the year.
Litecoin Correction Over?
The daily technical analysis aligns with the weekly one, suggesting Litecoin has bottomed and begun an upward movement that takes it to new highs.
The wave count shows a completed leading diagonal (green) and an A-B-C correction (red), which hit the 0.5 Fibonacci retracement support level at $99.
Since then, Litecoin’s bounce has been impulsive (green icon), indicative of the start of a new five-wave upward movement.
If this increase has the same length as the previous one, Litecoin will hit a high of $172 before a significant retracement.
Litecoin’s long-term prediction is even more bullish. It shows that the price has finished a 7-year A-B-C-D-E correction (red) contained inside a symmetrical triangle.
In the context of the long-term count, Litecoin’s ongoing upward movement is wave one in a new five-wave increase (green) that will eventually take it to a new all-time high.
Returning to the previous movement, the projected $275 high will only be wave three in a new five-wave rally, eventually leading to a new all-time high.
If the wave count plays out as expected, Litecoin’s long-term prediction will be extremely bullish, and the rally will spill over in the first portion of 2026.
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.
