Litecoin (LTC) is starting to turn heads as technical signals hint at a possible shift in momentum. Many traders are eyeing a triple bottom pattern on the LTC price chart, which could mean the downtrend is about to reverse.
Top analyst Santolita called the pattern “loud” in a tweet on X (formerly Twitter) and said a breakout looks inevitable, with a target above $100. That tweet has kicked off fresh conversations among traders wondering if the LTC price is gearing up for a big move higher.
Moreover, the Litecoin chart accompanying the analysis shows three rounded lows, each near the $77–78 level. This repeated testing of the same support zone indicates buyers have consistently stepped in to defend the price.
Analysts consider this behavior a classic reversal pattern, commonly known as the triple bottom line. Such formations often precede a shift from a declining trend to an upward trend once the resistance levels are broken.
Meanwhile, the symmetry of the lows adds weight to the pattern’s reliability. Each low appears evenly spaced over time, underscoring sustained demand in the same price region. This repetitive support suggests market participants see value at these levels, which can create a launchpad for a rally if the Litecoin price moves above resistance.
Image source: X/Santolita LTC Price Resistance and Breakout Level Defined
A dotted line at the $88 level shows the triple bottom formation’s neckline. A firm move above this level might signify the beginning of a bullish trend.
The LTC chart analysis identifies this neckline as a key area where momentum could shift in favor of buyers. The price sits at $82.97, which remains below the resistance but well above the established support zone.
Third bottom price action shows a bounce, but consolidation under resistance shows that traders are looking for a confirmation before investing more capital. The declining trendline that connects recent highs also intersects close to the neckline, so the $88 breakdown level is more important.
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Litecoin Upside Target and Timeframe Expectations
The analysis projects an upside target of approximately $100 to $102 if the LTC price surpasses the neckline. This target calculation is based on the measured move method, which adds the vertical distance from the support to the neckline to the breakout point. The chart’s timeline extends into mid-July, aligning with the “imminent” timeframe stated in Santolita’s tweet.
Persistent upward pressure will be anticipated if the LTC breaks through resistance, with further resistance anticipated near psychological areas at $90, $95, and $100. Evidence confirming the break would most likely be seen in increased volume trading that would indicate market conviction in the direction of the move.
Furthermore, Santolita’s tweet has generated discussions across social media, with traders sharing charts and opinions about the pattern’s potential outcome. The phrase “lazy money” used in the tweet refers to market participants who may be caught off guard by a swift price move. The prediction of an inevitable breakout has increased focus on LTC price action in the short term.
Analysts on the chart note that a breakout above the $88 neckline could bring on heightened buying, especially if sidelined investors move in to buy in anticipation of the expected move towards $100. For now, Litecoin price remains within its established support and resistance boundaries.
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