TLDR:
- Litecoin trades near $84.98 as it nears the apex of a symmetrical triangle pattern.
- Analysts expect a sharp LTC movement soon, with bullish targets up to $153.11 if the breakout holds.
- Falling volume and a tight price range signal that a high-volatility move could be imminent.
- LTC mirrors Bitcoin’s past structure, potentially setting up for a delayed breakout rally.
Litecoin (LTC) is hovering at a key decision point, trading within a tightening symmetrical triangle on its daily chart. As price compresses near the formation’s apex, analysts observe increasing tension between buyers and sellers.
The pattern signals market indecision, where neither side has taken full control. However, a breakout or breakdown appears imminent, with traders closely watching for a decisive move. Momentum is building, and the next major price swing could arrive suddenly.
Litecoin Symmetrical Triangle Formation Sets the Stage
Hailey LUNC noted in a recent chart analysis that Litecoin’s daily price movement shows a symmetrical triangle formation. This was marked by ascending support and descending resistance.
Moreover, this structure typically precedes sharp moves once the price breaks out of the converging range.
#LTC
$LTC Litecoin is trading within a symmetrical triangle formation on the daily chart
The price is currently facing the ascending support, indicating market indecision
A decisive breakout or breakdown from this triangle is needed to determine the next… pic.twitter.com/xSaxBCrSyW
— Hailey LUNC
(@TheMoonHailey) June 18, 2025
At present, LTC trades near $84.98, just above the lower boundary of the triangle. The coin has tested this support zone multiple times but remains unable to cross the upper resistance line. Market participants expect a strong reaction once Litecoin escapes this compression zone.
If Litecoin breaks out above resistance, chart projections indicate bullish targets near $108.71, $132.24, and $153.11. However, if the price slips below the ascending support, it could retrace to around $78.94 or even lower toward $62.31.
Recent price data from CoinGecko confirms LTC’s current level at $84.98, reflecting a 1.31% daily decline and a 7.62% drop over the past week. These movements suggest uncertainty ahead of a breakout event, typical behavior during triangle formations.
Bitcoin’s Lead and Litecoin’s Lag
Trader Santolita pointed out similarities between Litecoin and Bitcoin’s past structure. They noted that Bitcoin has already broken out of its ascending triangle.
Litecoin appears to be following that same pattern, albeit with a delay. According to the observation, volume has begun drying up on LTC, and price action continues to tighten.
This kind of setup usually results in explosive movement when the breakout direction is confirmed. Traders anticipate that Litecoin will follow Bitcoin’s lead with a fast, steep move once it catches momentum.
Bitcoin already broke out of its ascending triangle…
Litecoin is mirroring the same structure — but lagging.
That converging wedge on $LTC is textbook.
Volume drying up. Price tightening.
Compression before expansion.When $LTC catches up to $BTC’s move, it won’t be gradual,… pic.twitter.com/vtg1EmYD50
— Santolita (@SantoXBT) June 17, 2025
The convergence of price action, waning volume, and symmetrical triangle structure are combining to create an inflection point for Litecoin. Technical traders are preparing for volatility, expecting a high-impact move once the breakout direction becomes clear.
Until confirmation, the market remains in wait-and-see mode. Yet with the triangle nearing its end, Litecoin may not stay quiet for long.
The post Litecoin Approaches Critical Triangle Apex as LTC Traders Await Breakout appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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