Litecoin (LTC) is at an important point after breaking out of its price range where it’s been stuck for months. Now we need to see if it can keep this momentum going. Meanwhile, crypto analyst C.J. has expressed skepticism about Litecoin’s price action on X (formerly Twitter), calling it “truly cursed.”
Litecoin’s price has been in a long accumulation phase after a steep decline from previous highs. The price spent a prolonged period in consolidation before breaking above a major resistance level. This resistance now turned into support, is a key level that traders are monitoring.
The chart shows that LTC’s price is forming a higher high and higher low pattern, a typical sign of a developing uptrend. However, there remains a possibility of a pullback to retest the breakout zone. A gray box in the chart represents a local support area, where prices previously consolidated before attempting an upward move. If this level holds, it could provide a base for further gains.
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Analyst Skepticism and LTC Historical Performance
Crypto trader C.J. voiced his concerns regarding Litecoin, stating that it is one of the hardest assets for him to trade profitably. His tweet suggested that, aside from XRP, his success rate with LTC has been the lowest among all cryptocurrencies. Even though he has some doubts, he’s still looking at the data and seems both cautious and interested in this recent price movement.
This makes sense given Litecoin’s price history. It’s had trouble keeping the upward movement going before. When the price has broken out in the past, it often gets pushed back at resistance levels and then goes back to trading within a set range.
Litecoin Price Market Activity and Trading Behavior
Looking at the data, traders are taking advantage of Litecoin’s short-term price moves. On-chain data shows more deposits and withdrawals, which suggests people are selling when prices go up and buying when they drop. This back and forth has kept LTC bouncing between $90 and $130 for the last three months.
For this breakout to work, the price of LTC needs to stay above key support areas and show a pattern that suggests continued growth. If it can’t do that, it might fall back into its old range, which would just confirm what skeptics have been saying. Traders are watching closely to see if Litecoin can shake off its reputation for failed breakouts and keep moving up.
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