With the continued warming of market sentiment, Litecoin (LTC) is also brewing a crucial breakthrough. Analysts point out that if LTC can steadily stand above the key resistance area at the monthly close, it may trigger a strong upward trend, targeting the highest point since the 2021 bull market.
Litecoin is attempting to break through a key bullish formation.
Since entering the second quarter of 2024, LTC has shown continuous strength. Since rebounding from the low in April, its price has accumulated a 63% increase. Especially in the past few weeks, LTC has consistently broken through several important support levels, such as $80 and $90, and is currently challenging the psychological round number of $100.
Earlier this month, thanks to the overall recovery of the cryptocurrency market, particularly driven by Bitcoin's strong breakthrough of the $100,000 mark, Litecoin soared to $107, refreshing its highest point in nearly two months. However, since then, the coin has failed to effectively hold above $100, with its trend appearing somewhat volatile.
However, Carl Runefelt, an analyst from the cryptocurrency commentary show (The Moon Show), recently stated that Litecoin is approaching the "eve of an explosion." He pointed out that from a technical chart perspective, LTC is currently in a typical bullish flag, and if it successfully breaks through the upper edge of this formation, it may welcome an increase of at least 20%, targeting $117.5.
According to the chart analysis provided by Runefelt, LTC fluctuated within the boundaries of the flag after hitting the peak of $107. Earlier this week, the price rebounded again from the support level around $92, bringing it close to the upper edge of the formation. Just on Friday, LTC attempted to break through this flag structure, reaching a high of $102, but then slightly retraced to around $96. The current price stabilizes in the $98 to $99 range, leaving only about 1% space to the upper limit of the flag.
If the subsequent price can strongly break through this key area and hold above it, it will mean that the bullish formation has been validated, and its subsequent upward potential is expected to expand to $117.5 or even higher.
The technical structure is signaling that LTC is expected to challenge $150.
Not only is the short-term trend attracting attention, but analyst Rekt Capital also pointed out in a recent technical study: Litecoin is approaching a long-term structural resistance zone—the $110 to $125 area, which has been the main suppression zone for price increases over the past few years.
He emphasized that since 2019, Litecoin's performance in this range has been repeatedly obstructed, and the time it can successfully stabilize above it is extremely limited. However, in recent cycles, the 'suppressive strength' of this resistance is gradually weakening. For example, in the rebound at the beginning of 2025, LTC attempted to retest this range as support; although it was not completely successful, it was enough to indicate that the pressure above is not as strong as in the past.
More importantly, LTC has consistently built a technical formation of 'macro higher lows' in recent years, indicating that long-term buying strength is continuously increasing. Each price pullback has rebounded at higher support points, showing strong signals of bottom lifting.
If Litecoin can steadily hold above the $110-$125 range at the monthly close this month, and subsequently confirm an effective retest of this area, the price is highly likely to open up upward space, challenging $150 or even higher. This would be the first time since the 2021 bull market that LTC is expected to stand at this key price level.
As of the time of writing, Litecoin is priced at $98.60, down about 2.7% from last week, and is still at the critical point of breaking through the key formation.
In the short term, the market will closely monitor whether LTC can consistently hold above $95 and launch a continuous challenge above $100. The key to the medium to long-term trend lies in the monthly closing performance and support from the macro funding environment.
Once institutional buying accelerates, coupled with a recovery in market confidence, Litecoin is expected to become a standout "vintage altcoin" in the next round of the bull market.