As Litecoin (LTC) Tries to Break Out of a Bullish Pattern

As Litecoin (LTC) tries to break out of a bullish pattern, an analyst suggests that a monthly close above its key horizontal zone could propel the price to levels

Litecoin (LTC) is attempting to break out of a bullish pattern as it trades at the $98-$99 level, just 1% below the pattern’s upper boundary.

If the price manages to surge above this level to confirm the breakout, it could set the stage for the pattern’s $117.5 target and mark a significant push toward a key horizontal level.

The cryptocurrency has seen a remarkable 63% rally from April’s lows over the past month and a half, surging above crucial levels in the past few weeks. Just this month, Litecoin recovered the $80 and $90 support levels and tried to reclaim the $100 barrier.

Fueled by the market recovery and Bitcoin’s rally past the $109,000 mark, LTC hit a two-month high of $107 nearly two weeks ago. Since then, the altcoin struggled to hold the $100 mark.

However, analyst Carl Runefelt from The Moon Show suggested that Litecoin “is about to pump.” The analyst highlighted a bullish pattern on LTC’s chart, which could see the cryptocurrency rise 20% toward the $117.5 mark for the first time since March 2024.

According to Runefelt’s chart, the cryptocurrency formed a bullish flag pattern after hitting its two-month high. Since then, LTC has been moving between the upper and lower boundary, bouncing once before from the support line toward the pattern’s resistance line.

Earlier this week, Litecoin bounced again from the support after touching the $92 level, which led the analyst to suggest it has “every chance to break out of this bullish flag to the upside.”

On Friday, the altcoin jumped 11% from the pattern lows, briefly breaking out and hitting the $102 mark before retracing to the $96 level. The cryptocurrency now hovers between the $98-$99 levels.

A surge above this level could also be setting the stage for the pattern’s $117.5 target and mark a significant push toward a key horizontal level.

As pointed out by analyst Rekt Capital, Litecoin needs a Monthly Close above its key resistance level to target the $150 mark and above. The analyst highlighted the $110-$125 horizontal level, explaining that LTC “spends most of its time below it and very little time comparatively beyond it.”According to the crypto analyst, since 2019, the rejection from this resistance level has been getting “progressively weaker over time to the point where only a couple of months ago, LTC tried to retest this region as support” during the early 2025 rally.Despite failing to reclaim this level, this could suggest that the resistance is “struggling to hold price down,” which is why the next breakout above this area could signal that “the chances of a successful ret레스