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LTC Smashes Multi-Year Resistance —Are The Bulls Just Getting Started?
LTC breaks out of a long-term symmetrical triangle near $115-$120 with strong bullish volume.
Low resistance between $120-$180 could speed up LTC’s next rally phase.
Rising wedge and cup-handle patterns hint at $168-$227 long-term upside targets.
Litecoin’s technical charts signal a breakout from years of consolidation, with price action and volume pointing toward a sustained rally into multi-year highs.
Breakout from Multi-Year Symmetrical Triangle
Litecoin (LTC) has confirmed a breakout from a symmetrical triangle pattern that has been developing since late 2020. According to analysis from Jonathan Carter, price action finally closed above the descending resistance near $115–$120 on the weekly chart, supported by a sharp uptick in bullish volume.
The move follows nearly five years of higher lows along ascending support, paired with repeated rejections at the upper boundary.
Volume had steadily declined inside the formation, a typical pre-breakout behavior, before surging as LTC cleared resistance. With the next visible price barrier around $140, market analysts see open space toward $180 due to historically low trading activity between $120 and $180.
Rising Wedge and Cup-Handle Patterns
X user Rose Premium Signals noted that LTC’s current structure also forms a rising wedge, with an ascending support trendline intact since early 2024
A rounded cup formation beneath the descending resistance suggests prolonged accumulation in 2025. The handle now appears to be forming just below $130 — the last major rejection zone.
A breakout above the upper boundary could pave the way toward $168 and above. These targets align with prior historical resistance levels,especially those from the 2021 cycle.
Short-Term Consolidation Before Next Move
On the 4-hour chart, LTC is consolidating between $118.00 and $127.00 after a late-July rally above $128. Bollinger Bands show reduced volatility,as the Stochastic RSI sits in oversold territory.This suggests a near-term weakness but potential for a bounce. The $117 lower band is immediate support, with the $122.27 middle band acting as short-term resistance.
Source: Trading View
Even with the recent pullback, Litecoin hasn’t made any lower lows this year,a sign the bullish trend is still alive. The confirmed long-term breakout, thin resistance zones ahead, and steady pattern of higher lows give LTC a solid platform for its next upward push.
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