Date: Tue, Aug 05, 2025 | 05:58 AM GMT
The cryptocurrency market is making a slight recovery from the latest sharp decline as the price of Ethereum (ETH) has rebounded to $3657 from its recent low of $3357. Following this bounce, several notable altcoins are starting to move higher — including Litecoin (LTC).
$LTC has returned to the green zone today with strong double-digit gains, extending its monthly rally to an impressive 42%. Its chart is now showing the emergence of a significant harmonic pattern, pointing toward a possible continuation of its upward trend.
Source: Coinmarketcap
Harmonic Pattern in Play
On the daily chart, LTC is forming a Bearish Crab harmonic pattern — a structure which, despite its bearish label, often precedes strong bullish advances during its CD leg. This final upward leg is currently in motion.
The pattern started at point X near $140.17, dropped to point A, rallied to point B, and then declined again to point C around $76.17. After bottoming at C, LTC regained bullish momentum, reclaiming the 200-day moving average and currently trading near $123.36.
Litecoin (LTC) Daily Chart/Coinsprobe (Source: Tradingview)
According to harmonic trading principles, the CD leg could carry LTC toward the Potential Reversal Zone (PRZ) around $187.81, aligning with the 1.618 Fibonacci extension of the XA leg. If achieved, this would mean a potential 52% upside from current levels.
What’s Next for LTC?
For this bullish scenario to remain intact, LTC must continue holding above the 200-day moving average. Maintaining this support could serve as a springboard for further gains, potentially accelerating the move toward the $187 area — a zone where traders may anticipate resistance or profit-taking in line with harmonic expectations.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
