$LTC approaches the apex of the 7-year symmetrical triangle with rising technical signals favoring an upward breakout.
Litecoin (LTC) is trading at $92.73 and approaching the $95 resistance level, supported by strong volume and long-term technical compression. The price action currently oscillates between $87.78 and $92.73, pressing against the apex of a multi-year symmetrical triangle — a structure that has held the price of Litecoin since it reached an all-time high of around $400 in 2017.
According to data from the VANTAGE LTC/USD chart, volume surged to 2.82 million units as the price approaches the triangle crossover point. This is a significant development in the market structure, even if the volume spike appears exchange-specific. Analyst Tony 'Bull' noted the anomaly and raised the possibility of underreported momentum on other platforms.
Technical structure: 7-year triangle compression
The monthly Litecoin chart highlights a maturing symmetrical triangle, with a descending resistance line from previous highs and an ascending support line formed by a series of higher lows since 2018. The structure has repeatedly rejected attempts to break out at the upper boundary while simultaneously establishing strong support at higher levels.
This price compression within a narrowing range has reduced the likelihood of prolonged sideways movement. Clean touches to both resistance and support lines over a multi-year period lend credibility to the pattern. As the apex approaches, traders are watching for a decisive breakout that could define the next major trend for Litecoin.
The MACD crossover at the zero line indicates a shift in momentum
One of the most compelling sideways signals is the long-term MACD indicator (12, 26, 9). The MACD line (blue) crossed above the signal line (orange) precisely at the zero level — a historically significant development.
Previous instances of this MACD behavior preceded major bull markets in Litecoin. Notably, the 2017 crossover led to a surge above $300, while a similar pattern in 2020 preceded a rally to over $400. The histogram has also turned positive, reinforcing the notion of increasing bullish momentum.
Although the MACD is a lagging indicator, its crossover above the zero line is often interpreted as confirmation of a long-term trend change rather than a short-term signal. This adds weight to the current configuration and aligns with broader expectations for a breakout from the triangle.
Volume surge and breakout potential
The recent trading volume surge — 2.82 million units on the VANTAGE exchange — adds additional urgency to the technical outlook. While this volume spike may not be reflected across all platforms, it occurs at a critical technical intersection reinforcing the breakout theory.
Tony 'Bull' emphasized that this volume event, even if localized, coincides with significant technical alignment, increasing the likelihood of a substantial directional move.
Can Litecoin break out and return to triple digits?
Given that momentum indicators are transitioning into a sideways trend and the price is consolidating near long-term resistance, Litecoin appears poised for a potential breakout. A confirmed move above the $95 level — marking the upper boundary of the symmetrical triangle — could trigger a rally to previous highs.
The convergence of rising volume, MACD confirmation, and sustained price compression over the 7-year structure indicates that Litecoin may soon conclude its lengthy consolidation phase. If history is any guide, a breakout from this formation could open the door to a return to triple-digit territory.
Investors and technical analysts are currently watching for confirmation — a close above resistance, preferably backed by higher volume — to validate the long-awaited shift in Litecoin's market trajectory.
