Litecoin (LTC) Price Analysis Hints at an XRP-Style Rally

Litecoin's price movements lately have sparked new conjecture over its future course. According to XForceGlobal, LTC might be emulating XRP's rally prior breakthrough.

Litecoin’s price movements have sparked fresh speculation over its future trajectory, with some suggesting it could be mirroring XRP’s rally prior to a major breakout.

According to XForceGlobal, Litecoin has been accumulating for over 2,500 days, forming a massive symmetrical triangle with converging trend lines. This prolonged consolidation could be setting up a significant price move.

In a tweet, the analyst highlights the striking resemblance between LTC’s chart and XRP’s price action before its massive pump.

$LTC

Primary Macro Analysis

I’ve said this before, and I’ll say it again—#Litecoin is literally a carbon copy of $XRP’s chart before it pumped. It’s 2,500 days of accumulation w/ higher lows being created + converging trend lines for the triangle is nothing to joke about on this… pic.twitter.com/aPQCQQ4ECk

The apex of this symmetrical triangle is expected to be reached by mid-2025 or earlier, which could be a crucial indicator. If Litecoin breaks out of this pattern, it could follow a trajectory similar to XRP’s, according to XForceGlobal.

Crucial Support and Resistance Zones

XForceGlobal’s analysis also identifies key levels that could determine Litecoin’s next directional move.

The primary support zone is highlighted between $68 and $95. If Litecoin breaks below this zone, it could weaken the bullish outlook. A further drop to $37 would likely invalidate the optimistic scenario entirely.

On the upside, resistance is pinpointed between $155 and $215, a critical area that Litecoin must break through to confirm a major rally. If successful, analysts project that LTC could target $355 or higher in the long term.

These levels serve as crucial markers for traders assessing Litecoin’s next move.

Similarities to XRP Fuel Speculation

The analyst’s observation draws strong parallels between Litecoin’s current structure and XRP’s past price movements. XRP’s chart showed a prolonged accumulation period over several years before its rapid surge.

This pattern now appears to be emerging in Litecoin, strengthening the bullish argument. Many are speculating that Litecoin could soon experience a parabolic move, similar to XRP’s past rally.

However, XForceGlobal also acknowledges the risk of invalidation in this potential scenario. If Litecoin fails to sustain its trend and falls below $95, the bullish case could weaken, leading to further consolidation instead of an immediate breakout.