- Litecoin is currently at the top of the symmetrical triangle, which indicates narrowing in the price movement and possible volatility spread in the weekly chart.
- The 50-week MA at just below $103 is still drawing price and maintaining higher lows and re-establishing accumulation in the long-term consolidation formation.
- A break out validation beyond the liquidity zone of $100 may be the sign of the price movement up to $140, $180 and $285, which corresponds to past resistance and structural levels.
Litecoin (LTC) is at the critical point where the price action is flattening the upper edge of a multi-year symmetrical triangle, which is an indication of the possible volatility increase in the weekly chart.
Litecoin Tests Multi-Year Resistance Pattern
Since reaching its peak in 2021, Litecoin has begun the tightening phase of a symmetrical triangle. This pattern represents a balance over time with descending resistance and ascending support. With the degree of consolidation tightening, it prioritizes the question of whether Litecoin can breach the resistance zone.
Analyst Jonathan Carter noted that Litecoin is “testing the upper boundary of the triangle pattern with consolidation tightening on the weekly timeframe.” According to him, a confirmed breakout could push the price toward $140, $180, and potentially $285. The comment aligns with broader technical observations suggesting that the asset’s volatility is contracting before a possible move.
Near the 50-week moving average of $103, it has repeatedly attracted price action and acted as a magnet for momentum. Moving higher and posting higher lows, Litecoin shows that accumulation still remains. Given the historical performance, symmetrical triangles of this sort, could indicate a potential upward structure continuation in the dominant trend direction.
Meanwhile, the Volume Profile (VRVP) indicates concentrated trading activity between $85 and $100. This range has been a strong liquidity area where market participants have actively positioned, and a decisive move above it could trigger an accelerated advance toward higher resistance levels.
Technical Outlook and Potential Targets After Breakout
The current technical setup shows Litecoin in a critical decision zone. Momentum indicators remain neutral but are gradually shifting toward bullish territory. The tightening structure on the weekly chart suggests that volatility expansion may follow, especially if volume supports a breakout above resistance.
Analysts expect the first target at $140 if the move gains confirmation, marking the initial structural resistance. The $180 level represents an intermediate zone aligning with previous 2021 supply regions, while the $285 target aligns with the measured move projection of the triangle formation.
Carter’s analysis emphasizes the advantage of early positioning. “Position while others doubt. Profit while others chase,” he stated, summarizing the sentiment among traders awaiting confirmation of trend continuation. The market structure of Litecoin along with the consecutive higher lows, leads to the anticipation that Litecoin will switch from a period of consolidation to a period of expansion at any moment now.
Currently, Litecoin is at the most crucial stage in the make and break process, with the most recent multi-year pattern defining potential bullish continuation in the following weeks, most recently initiated consecutive higher lows.
