Litecoin (LTC) May Be on the Verge of a Monumental Price Breakout

One of the oldest crypto assets may be on the verge of a monumental price breakout

Litecoin (LTC) price may be on the verge of a monumental breakout, according to multiple analysts tracking long-term technical patterns and bullish on-chain data.

Litecoin’s Bullish Pattern

Among the analysts bullish on LTC is CryptoBullet, who highlighted a massive seven-year symmetrical triangle on the cryptocurrency’s chart.

According to the analyst, the pattern, which is commonly associated with large and volatile price swings, could launch Litecoin on a similar trajectory to XRP after its Q4 2024 breakout out of a symmetrical triangle.

“This huge LTC accumulation will also resolve to the upside. Breakout is coming,” said Bullet.

Symmetrical triangles form when a market consolidates between converging trend lines. Technical theory suggests that breakouts often occur between 50% and 75% of the pattern’s lifespan.

Litecoin’s triangle began forming in 2017 and now approaches its apex, suggesting that the breakout is imminent.

This view was echoed by another analyst on TradingView, who noted that price action from 2022 to now indicates the triangle is nearing completion.

According to the analyst, even a dip below $50 wouldn’t invalidate the setup, as long as the triangle holds.

Moreover, on-chain data from IntoTheBlock shows that investors bought over 13.13 million LTC in the $88-$99 zone.

This range now acts as a critical resistance level. A clean breakout above it could propel Litecoin toward $150 and possibly even $650.

However, if the bears manage to defend this zone and push LTC lower, then the next support level to watch out for is at $50, where another 2.44 million LTC was bought.

Litecoin’s Expanding Use Cases

That said, Litecoin’s expanding use in real-world payments may drive its next price surge.

Last month, the Litecoin Foundation reported that LTC was the most-used cryptocurrency on BitPay in March. It accounted for 38.7% of all transactions, ahead of Bitcoin, Ethereum, and others.

Litecoin’s 2.5-minute block time and low fees make it ideal for daily use, especially as crypto payments grew 20% globally from 2023 to 2024.

LTC spot ETF; A Final Note

Canary Capital, a digital asset investment firm, has applied for a spot Litecoin ETF with the U.S. Securities and Exchange Commission (SEC).

Although the SEC postponed a final decision as of May 6, 2025, Bloomberg ETF analysts give a 90% chance of approval, positioning LTC as a top altcoin ETF candidate.

If approved, the ETF could trigger institutional inflows similar to those that boosted Bitcoin and Ethereum earlier in 2025, potentially delivering LTC’s long-anticipated breakout.

At press time, LTC traded at $91.97, marking a 1.25% gain in the past 24 hours.