Litecoin (LTC) price outlook reflects key tailwinds.

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 not seen since the 2021 bull run.

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 not seen since the 2021 bull run. In a recent analysis shared on X, crypto analyst Deep8H pointed out that Litecoin is attempting to breakout from a bullish pattern, but it faces a crucial test.

After finding support at the lower trendline of a rising wedge, LTC bounced back up to retest the $90-$100 horizontal resistance, presenting a "final chance' for buyers to intervene.

"We’re now seeing a triple top around $100, which is also the lower edge of the rising wedge. Sellers are likely to intervene if we retest these levels. A strong move above $100 is needed to no-chance sellers and buyers time to step in."

If the market supports altcoins in the next cycle, Litecoin could break through its historical resistance levels between $120 and $180. A possible breakout above these levels could potentially surge the LTC price towards $300. However, this would still only be a 3x or 4x increase from current prices.

Litecoin is one of the most well-known cryptocurrencies, often called the “silver to Bitcoin’s gold.” It is a popular choice for many crypto investors because it offers fast transactions and low fees. Currently, Litecoin is priced at around $100, with experts believing its value could rise significantly by 2025.

Litecoin price outlook as LTC attempts to breakout

"We’re now seeing a triple top around $100, which is also the lower edge of the rising wedge. Sellers are likely to intervene if we retest these levels. A strong move above $100 is needed to no-chance sellers and buyers time to step in."

If the market supports altcoins in the next cycle, we could see Litecoin break through historical resistance levels between $120-$180. A possible breakout above these levels could potentially surge the LTC price towards $300.

"If LTC breaks out of the rising wedge, it could continue to surge towards the pattern’s $117.5 target. A monthly candle close above the key horizontal zone around $90-$100 would be needed to confirm the breakout."

Litecoin has hit a two-month high of $107 nearly two weeks ago as the market experiences a recovery and Bitcoin rallies past the $100,000 mark.

Since then, the altcoin has struggled to hold the $100 mark. A surge above this level to confirm the breakout could set the pattern’s $117.5 target and mark a significant push toward a key horizontal level.

If the buyers manage to push LTC above the $90-$100 zone and secure a monthly candle close, it would indicate a continuation of the 2021 bull market, which saw LTC reach highs of $180.

However, if the sellers regroup and manage to defend the $90-$100 zone, leading to a monthly candle close below it, it could indicate a retest of the lower Fib levels, placing LTC back in a bear market scenario.

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