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This Crypto Expert Predicts Where Litecoin (LTC) Price Is Headed Next
Litecoin price is starting to build some momentum again, holding steady above a key support zone on the weekly chart. The structure still looks solid, and with resistance levels clearly in sight, many traders are watching closely for what could be the next leg up.
One of those traders is TheBreakoutZone, who shared his outlook on X. According to his post, Litecoin pushed into a long-term descending trendline, then pulled back, just as expected.
Right now, price is sitting just above the $95–$105 zone, which he’s identified as a new weekly order block. If Litecoin can stay above the $100 level and consolidate here, that range could become the launchpad for a stronger move higher shortly.
LTC Weekly Structure Remains Bullish Despite Trendline Rejection
On the 1-week chart, Litecoin price has been trading within a broad descending structure since its 2021 peak. Price recently reached the upper boundary of this trendline before pulling back slightly. Despite the rejection, the overall setup remains intact, with no support levels broken.
The area between $95 and $105 is now acting as the current support zone. This level has been identified as a new order block, which could support further accumulation. The current structure still leans bullish, so long as Litecoin remains above this range.
Image Source: X/TheBreaoutZone Litecoin Key Levels in Play: $100 Support and $125 Breakout
The trader noted that if Litecoin price continues to compress above $100, he may look to re-enter his position
He has already taken partial profits following the recent move. A close above or at $125 for the week would confirm a complete breakout, with possible further gains to the $150 to $200 range.
This level has previously acted as resistance and is being watched closely by market participants. A clean break above could encourage more buyers to step in, adding to the existing bullish pressure.
So long as the formation is intact, though, a weekly close below $95 would debunk the pattern. In that scenario, the Litecoin price would revert to earlier levels in the $80 region or near 2023 lows. The $95–$125 range is now considered key for near-term direction.
For now, price is stabilizing above support. Traders continue to monitor weekly closes to gauge whether a consolidation or a breakout is next.
Read Also: Avalanche (AVAX) Price Could Pump Soon – Analysts Say $30+ Is Realistic
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The post This Crypto Expert Predicts Where Litecoin (LTC) Price Is Headed Next appeared first on CaptainAltcoin.