Litecoin’s market moves lately are turning heads as traders spot what could be the start of something big. The token is showing promising technical signals that have crypto veterans particularly excited.
While LTC has been relatively quiet lately, mounting evidence suggests it might finally be ready to challenge key resistance levels that have held it back. Some market watchers speculate that it could even replicate historical surges seen in other altcoins.
What you'll learn 👉
Litecoin’s Bullish Momentum and Market Structure
Rose Premium Signals has expressed strong confidence in Litecoin’s current market structure, predicting a price surge. In their tweet, the firm highlighted that LTC could break a multi-year resistance, with the ongoing rally potentially leading to a 2x market cap increase.
🚀 It Feels Like It’s $LTC Season!
— Rose Premium Signals 🌹 (@VipRoseTr) January 30, 2025
This time, we’re breaking the cycle of underestimating #LTC holders!
🔥 A 2x market cap increase is within reach! 🚀
I still believe 💰 #Litecoin is a solid bet, even as it enters price discovery!
Time to break the multi-year resistance and… pic.twitter.com/ImWz3wfrp6
The daily chart by Rose highlights a falling wedge breakout, a classic bullish reversal pattern. LTC previously found support at $94.04, corresponding to a key Fibonacci retracement level. At press time, the price has climbed to $129.06, gaining about 14% in a single day and 15% over the past week, according to CoinGecko.
Market structure indicators suggest that Litecoin has overcome a crucial resistance level at $118.40, now acting as support. The next price targets include the $130 to $135 range, followed by $150 and ultimately $177.42. The breakout is supported by strong volume, reinforcing bullish sentiment among traders.
LTC Technical Indicators Point to Higher Targets
Rose Premium Signals’ analysis outlines key price targets and market formations backing a continued rally.
The breakout pattern has formed a bull flag, a structure that typically signals further upward movement. If the trend follows historical price action, Litecoin could reach $177.42 soon.
In a separate observation, trader @George1Trader shared an alternate perspective, comparing Litecoin’s current trajectory to XRP’s past price movements.
$LTC | I've been looking at Litecoin, although this coin might look dead to a lot of you, I actually started liking the look of it a lot. I've got this theory where it pulls a xrp kinda move into $300, hated rally sort of.
— George (@George1Trader) January 30, 2025
Bought a spot bag again and longed on margin. pic.twitter.com/6RnnXS9x1h
He speculated that LTC could experience a “hated rally” similar to XRP’s unexpected surge. His price target extends further than most projections, suggesting Litecoin could hit $300 if market conditions align favorably.
Read also: Polygon (POL) Could Dip Another ~50% as Price Falls Below Key Support Level
Key LTC Resistance Levels and Considerations
While the market remains optimistic, traders are mindful of potential resistance. Litecoin must sustain momentum above $130 to confirm the bullish breakout. The psychological barrier at $150 is another key level where selling pressure may emerge. However, if buyers continue to dominate, the $177.42 target remains achievable.
A drop below $118.40 would invalidate the bullish thesis, signaling potential downside risks. Despite this, the overall market structure remains favorable, with increasing volume and strong technical indicators supporting further gains.
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