Here's Why Litecoin Can 5x From Here | Credit: Hameem Sarwar
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Key Takeaways
Litecoin (LTC) trades inside the $120 horizontal resistance area.
Litecoin has consolidated inside a symmetrical triangle for seven years.
Can the price of Litecoin finally break out and move to a new all-time high?
Litecoin (LTC) is approaching a critical breakout after consolidating for seven years inside a massive symmetrical triangle.
With bullish momentum building and resistance at $120 under pressure, a parabolic rally could be next.
Read on to see why a new all-time high may be closer than ever.
Litecoin Technical Analysis
Litecoin’s weekly time frame technical analysis reinforces the importance of the $120 horizontal resistance area.
The resistance area has persisted since 2017, acting as resistance and support at different times.
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Momentum indicators support the increase. The Relative Strength Index (RSI) is above 50, and the Moving Average Convergence/Divergence (MACD) is positive.
These signals have happened a lot individually, but never in unison.
So, the Litecoin price prediction for the rest of 2025 is bullish, suggesting a surge to at least $210 is likely.
Why is Litecoin Going Up?
Based on its technical analysis, the wave count is the main reason the Litecoin price is increasing.
Litecoin has been slowly consolidating inside a massive symmetrical triangle since 2018 and is finally nearing a breakout point.
The price of Litecoin is making its fourth breakout attempt in the last year, increasing its likelihood of success.
Since LTC has been accumulating for more than seven years, the breakout could be massive and parabolic.
According to the wave count, Litecoin is in wave three of the five-wave upward movement (green), which is often the sharpest of the bullish waves.
A likely target for the top of wave three is near $300, while wave five can take Litecoin’s price to a new all-time high.
The 1.61 external Fibonacci retracement of the drop gives a target of $640 for the price of Litecoin.
Massive Rally Brewing
Litecoin’s technical analysis shows that the price is nearing the end of a seven-year consolidation pattern.
Positive momentum is brewing, and a breakout is likely. If one occurs, the price of Litecoin could increase by nearly 5x and reach a new all-time high.
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.
