đ„ **LTC Soars Past \$117âWhatâs Next After a 20% Rally? đđ**
Litecoin has seen a significant resurgence, riding the wave of the broader altcoin market recovery. For the first time since mid-May, LTC surged past the \$100 mark this weekâand by Saturday, July 19, it climbed above \$110, capping off an exciting week.
A respected crypto trader on X hinted that this may be just the beginning of a much larger rally for LTC.
### **Could Litecoin Be on Track for a 900% Surge?**
Chartered Market Technician (CMT) Tony Severino shared an optimistic outlook on Litecoinâs price action. According to his analysis, LTC appears poised for a major bullish breakout that could reshape its trajectory in the months ahead.
Severino pointed to a multi-year symmetrical triangle formation on Litecoinâs 2-week chartâa technical pattern known for its tightening range between a descending upper trendline and an ascending lower trendline.
As prices compress within this triangle, they typically build momentum toward a breakout. Symmetrical triangles can act as continuation or reversal patterns, depending on the breakout direction and prior trend.
In Litecoinâs case, the long-term trend suggests an upward continuation, with a breakout likely favoring the bulls.
If this breakout occurs, Severino believes LTC could surge past its previous all-time high of \$410. Based on the technical projectionâmeasuring the base of the triangle and applying it to the breakout zoneâLitecoinâs price could climb more than **900%** in the coming months.
In summary, technical signals point to a potentially explosive move for Litecoinâone that traders and investors are watching closely.
#StablecoinLaw #CryptoMarket4T #GENIUSAct #BinanceHODLerC #AltcoinBreakout