Litecoin recently closed below $100 in March, invalidating its previous breakout and raising concerns about its long-term bullish outlook.

On the weekly chart, LTC has been trading within an ascending parallel channel for nearly three years. Despite three breakout attempts in the past four months, all were unsuccessful, leading to a price decline.

If this downtrend continues, the next key support level is around $65. Since movements within parallel channels are typically corrective, a breakdown remains likely.

Once wave E concludes, a successful breakout could push LTC toward $598, aligning with the 1.61 external Fibonacci retracement of the pattern. However, since the triangle's support and resistance lines will converge by 2027, Litecoin may continue consolidating before a decisive move occurs.

#LTC📈 #LTCPricePrediction #LTC

IM fine if only LTC Reaches $200 😂😂😂

what about you??