Litecoin (LTC) Primed for a Surge to $129—If This Happens

Litecoin (LTC) seems to be gearing up for a possible breakout, as analysts highlight a key formation on the hourly chart.

Litecoin (LTC) price seems to be gearing up for a possible breakout, as analysts highlight a key formation on the hourly chart. Litecoin has been closely following the wider altcoin market for the last year; however, recent events indicate a change in its direction. A surge past key resistance might elevate LTC, strengthening optimistic sentiment.

Litecoin’s Ascending Triangle Signals Bullish Potential

A renowned analyst, Carl Moon, has identified an ascending triangle formation on Litecoin’s hourly price chart. This configuration features a horizontal resistance line and an ascending trendline, both of which indicate an increase in buying pressure.

$LTC might pump up to $129🎯 if it breaks out of this ascending triangle on the hourly timeframe!

Trade #Litecoin on Bitunix – https://t.co/dMS12oeh2f pic.twitter.com/01iLTK9YEy

According to Moon’s chart, LTC encounters resistance around the $110 level, and if the price moves above this threshold with substantial volume, it might initiate a measured move target of $129. An analysis of Moon’s chart reveals that the height of the triangle is approximately $19.60, suggesting that a breakout above $110 could push LTC to $129.

The technical setup remains favorable, but volume is still low, indicating indecision among traders. To confirm a breakout, analysts highlight the importance of an increase in buying volume coupled with positive momentum indicators such as the RSI.

Litecoin’s price structure also reveals important levels that could influence its short-term movement. Immediate support is found in the range of $105–$106, while a psychological barrier exists at $100. If LTC fails to sustain above these levels, a further downside to $95 could be on the table. At press time, LTC trades at $105.66, according to CoinGecko.

On the resistance side, $110 remains the primary breakout threshold, followed by minor resistance at $115 before reaching the projected $129 target. If buying momentum fails to hold, a rejection at $110 could trigger a pullback, invalidating the bullish setup.

Read also: Buying Bitcoin (BTC) Tokens in 2025 Is a Bad Idea: Expert Analyst Reveals

Market Context and LTC’s Changing Correlation

Crypto analyst Viktor (@thedefivillain) points out that Litecoin has been tracking the altcoin market closely for the past year, essentially acting as an index for traders. However, this correlation seems to be breaking as LTC’s price action diverges.

For a whole year, $LTC has been exactly mirroring the altcoin market, you could have used it as the altcoin index for any L/S pair

Now this is changing, as LTC/OTHERS is breaking out of its range

ETF + no sellers left + 'decent' valuation makes it a better long than most alts pic.twitter.com/RrAFnWCNqR

As Litecoin eyes a potential breakout, market participants are keeping an eye out for confirmation signals. A decisive move above $110, backed by strong volume, could validate the bullish outlook. Conversely, failure to break resistance could result in a retest of lower support zones. Traders are advised to exercise caution as market dynamics unfold.

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