Coin: Litecoin (LTC)
Trade Type: Spot Trade Only
Entry Price: Around $77
Target Price: $85 (conservative)
LTC has broken out of a falling wedge pattern. This is a bullish trend reversal setup with an estimated 65% success rate. The breakout has occurred near the $75 support zone, which has historically been a strong level. This adds reliability to the breakout. The chart structure suggests that LTC is attempting to reverse from its recent downtrend. This setup offers a clear upside potential of around 15–20%.
On the fundamental side, there is a possibility of a Litecoin ETF launching in 2025. This could add significant long-term value to the coin, further supporting the bullish case.
