Litecoin (LTC) Season Begins as Bulls Break Multi-Year Resistance, Targeting 2x Market Cap Increase

Litecoin's market moves lately are turning heads as traders spot what could be the start of something big. The token is showing promising technical signals that have crypto veterans particularly excited.

Litecoin (LTC) price has surged over 14% in a single day's trading session, showing promising signs of a sustained rally. At press time, LTC trades at $129.06, up 15% over the past week.

Rose Premium Signals expressed strong confidence in Litecoin's current market structure, predicting a price surge. In their tweet, the firm highlighted that LTC could break a multi-year resistance, with the ongoing rally potentially leading to a 2x market cap increase.

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I still believe Litecoin is a solid bet, even as it enters price discovery.

RISING TOP本線索 for Litecoin (LTC) cryptocurrency斂財斂得好，怕什麼東窗事發，大家一起來high，多爽啊！

The daily Rose chart shows a falling wedge breakout, a classic bullish reversal pattern. LTC previously found support at $94.04, corresponding to a key Fibonacci retracement level.

According to CoinGecko, LTC trades at $129.06 at press time, up around 14% in a single day and 15% over the past week. Notably, the breakout is supported by strong volume, reinforcing bullish sentiment among traders.

Market structure indicators suggest that Litecoin has overcome a crucial resistance level at $118.40, which is now acting as support. The next price targets include the $130 to $135 range, followed by $150 and ultimately $177.42.

Rose Premium Signals’ analysis outlines key price targets and market formations backing a continued rally.

The breakout pattern has formed a bull flag, a structure that typically signals further upward movement. If the trend follows historical price action, Litecoin could reach $177.42 soon.

In a separate observation, trader George1Trader shared an alternate perspective, comparing Litecoin's current trajectory to XRP's past price movements.

$LTC I've been looking at Litecoin, although this coin might look dead to a lot of crucial price levels that have held it back. Some market watchers speculate that it could even replicate historical surges seen in other altcoins.

He speculated that LTC could experience a “hated rally” similar to XRP's unexpected surge. His price target extends further than most projections, suggesting Litecoin could hit $300 if market conditions align favorably.

A drop below $118.40 would invalidate the bullish thesis, signaling potential downside risks. Despite this, the overall market structure remains favorable, with increasing volume and strong technical indicators supporting further gains.