#Litecoin Nears Third Golden Cross — Will History Repeat Itself?
Litecoin ($LTC ) has faced notable volatility in recent weeks, falling from around $95 in early May to under $85 by month’s end. Despite a strong start to June, the asset dipped below $80 on June 22 before rebounding to $87.
Now, attention is shifting to a potentially bullish long-term signal: a third Golden Cross may be forming on the weekly chart, according to Chartered Market Technician Tony Severino.
A Golden Cross occurs when the 50-week moving average crosses above the 200-week moving average, often signaling the start of a sustained uptrend. Severino notes that previous Golden Crosses in 2017 and 2021 preceded massive rallies—7,100% and 380% gains respectively.
With this third crossover potentially just weeks away, Litecoin may be gearing up for another major move. If history is any guide, #LTC could be poised for a significant breakout.