Key Insights
- Litecoin price is consolidated below $87.8,a sign of the ongoing accumulation near the key levels where momentum is building towards $113.7 and higher.
- Multi-year ascending wedge shows a firm structural strength,and has formed higher lows, and compressed volatility,that could cause a significant upward move if confirmed.
- Network improvements, LitVM ecosystem adoption, and ETF discussions are collectively acting as catalysts for Litecoin’s potential parabolic price expansion.
Litecoin (LTC) is traded at $81.73 with a 24-hour volume of $397 million. The coin is down 2.73% today despite a gain of 1.31% over the past week. Price is currently holding near key support. Network upgrades, LitVM adoption, and ETF discussions are creating bullish momentum as traders continue to watch $87.8 for confirmation of a potential bullish breakout.
Litecoin Price Action Reveals Key Market Structure
Litecoin’s price recently swept a large buy-side liquidity near the November highs.Later on it then reversed sharply and ran on the sell-side liquidity. These movements ended at a premium liquidity and extreme discount zone, where selling pressure weakened gradually.
The price remains consolidating below the $87.8 area which is a critical market structure shift zone (MSS).Therefore, a close above $87.8 would signal the start of a potential smart-money expansion.
According to projections given by the analysts bulls could push the price to the next logical targets near the liquidity zones at $95, $103.5, and $113.7. Until bulls confirm it convincingly ,LTC could remain in the accumulation phase within the current support and resistance levels.
Additionally, daily charts suggest that LTC is trading above structural support near $82,and it is maintaining higher lows within the multi-year ascending wedge. This signifies the ongoing long-term accumulation instead of a market weakness. Analysts have predicted the potential of a controlled pullback before any potential breakout.
Multi-Year Compression Signals Long-Term Strength
For years the coin has traded within an ascending wedge, supported by a rising demand. Notably,the trendline is capped by long-term descending resistance from prior cycle highs. This structure demonstrates persistent accumulation and volatility compression.
LTCUSDT Multi Year PriceChart / Source:X
Recent rejection from the upper wedge was considered healthy by the analysts. This is because it helped in resetting momentum without breaking the bullish sequence of higher lows.
Chart projections suggest a potential pullback toward trendline support before a decisive breakout through the descending resistance.A successful break and reclaim of the upper trendline could open a target range of $550–$560.
A move aligned with the measured-move expansions from the wedge height. This move could be driven by the sidelined capital that will be entering the market once the breakout confirms.
Catalysts Could Drive Next Major Upside For LiteCoin
In addition, multiple catalysts may influence Litecoin’s upcoming movements. Just recently the network strength started improving after LitecoinVM added real utility to the ecosystem. This introduction brought about a surge in discussions around a Litecoin ETF providing further potential momentum.
These three catalysts—network, LitVM ecosystem, and ETF—could contribute to a parabolic upward move. If all play their intended roles perfectly and align with all factors and market structure confirms, their combined effects could drive LTC to levels between $10,000 and $50,000.
$86.6 is the gateway that bulls must reclaim for , however failure could open the way towards the $79.6 strong support. Furthermore, LTCBTC strength indicates that the coin has maintained its resilience compared to Bitcoin.This is suggesting the presence of an ongoing accumulation instead of a distribution.
