Litecoin’s $135 Showdown: The Last Wall Before the Sky Opens
- $135 is the make-or-break level; above it, $280 comes into view fast.
- LTC’s long-term wave count hints at a potential run to $640.
- Momentum + structural breakout = one of Litecoin’s best setups in years.
Litecoin’s been biding its time for years—slowly grinding, testing, and failing to break free. But now? It’s back at the doorstep of $135, the same stubborn line that’s kept it trapped since early 2022. Clear it, and the path above is almost empty… with $280 waiting far ahead like a distant peak. Momentum’s been building quietly, and it feels like the market’s holding its breath.
The Technicals Are Lining Up
On the weekly chart, LTC finally cracked a long-term descending resistance trendline—after five failed tries. That alone shifts the tone. Now it’s testing $135, a price that’s been both fortress and springboard since 2021. What makes this level dangerous for shorts is the absence of heavy resistance until $280. A strong weekly close here could flip the entire market sentiment in Litecoin’s favor. Indicators are also leaning bullish: RSI above 50, MACD trending higher—both hinting that the breakout might not just be possible, but close.
The Bigger Picture Points Higher
The long-term chart looks even better. The multi-year diagonal resistance from the 2021 peak? Broken. The A-B-C-D-E corrective structure that’s been dragging LTC since 2018? Completed. If the wave count’s right, Litecoin started a fresh five-wave advance back in June—and we’re already in wave three. Early targets point to $280 for this leg, with the full rally potentially topping out around $640. That would put a new all-time high on the board before the cycle’s done.
Why This Could Be LTC’s Biggest Bull Run Yet
If $135 falls with conviction, the setup screams parabolic potential. The structure’s clean, momentum is in its favor, and the long-term downtrend is over. Traders and long-term holders might be looking at the start of Litecoin’s most explosive run yet—one that doesn’t just revisit old highs but smashes through them. The only thing left is for buyers to make their move and confirm what the charts have been hinting at for months.
The post Litecoin’s $135 Showdown: The Last Wall Before the Sky Opens first appeared on BlockNews.
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Litecoin’s $135 Showdown: The Last Wall Before the Sky Opens
- $135 is the make-or-break level; above it, $280 comes into view fast.
- LTC’s long-term wave count hints at a potential run to $640.
- Momentum + structural breakout = one of Litecoin’s best setups in years.
Litecoin’s been biding its time for years—slowly grinding, testing, and failing to break free. But now? It’s back at the doorstep of $135, the same stubborn line that’s kept it trapped since early 2022. Clear it, and the path above is almost empty… with $280 waiting far ahead like a distant peak. Momentum’s been building quietly, and it feels like the market’s holding its breath.
The Technicals Are Lining Up
On the weekly chart, LTC finally cracked a long-term descending resistance trendline—after five failed tries. That alone shifts the tone. Now it’s testing $135, a price that’s been both fortress and springboard since 2021. What makes this level dangerous for shorts is the absence of heavy resistance until $280. A strong weekly close here could flip the entire market sentiment in Litecoin’s favor. Indicators are also leaning bullish: RSI above 50, MACD trending higher—both hinting that the breakout might not just be possible, but close.
The Bigger Picture Points Higher
The long-term chart looks even better. The multi-year diagonal resistance from the 2021 peak? Broken. The A-B-C-D-E corrective structure that’s been dragging LTC since 2018? Completed. If the wave count’s right, Litecoin started a fresh five-wave advance back in June—and we’re already in wave three. Early targets point to $280 for this leg, with the full rally potentially topping out around $640. That would put a new all-time high on the board before the cycle’s done.
Why This Could Be LTC’s Biggest Bull Run Yet
If $135 falls with conviction, the setup screams parabolic potential. The structure’s clean, momentum is in its favor, and the long-term downtrend is over. Traders and long-term holders might be looking at the start of Litecoin’s most explosive run yet—one that doesn’t just revisit old highs but smashes through them. The only thing left is for buyers to make their move and confirm what the charts have been hinting at for months.
The post Litecoin’s $135 Showdown: The Last Wall Before the Sky Opens first appeared on BlockNews.
Read More
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