Litecoin Eyes Breakout After Seven-Year Accumulation

After seven long years of buildup, Litecoin looks ready for a big move as more buyers step back into the market.

Signs from RSI and MACD show Litecoin’s momentum is turning positive, hinting that the worst of the drop might be over.

If Litecoin breaks past its resistance, prices could jump above $300, showing strong confidence returning to the crypto market.

Litecoin (LTC) is showing indications of a possible breakthrough following an extended period of accumulation. Based on Coinmarketcap data, LTC is currently trading at about 95.16, down 0.55% for the day. The overall cryptocurrency market has experienced a decline, with 24-hour volume dropping 4.52% to $249.68 billion and total value down 1.12% to $3.83 trillion.

Source: XForceGlobal

Historically, LTC has formed a series of corrective and impulsive waves from 2017 to 2025, following an Elliott Wave pattern. The chart shows a symmetrical triangle with repeated higher lows, constraining price between long-term resistance and support.

Technical Patterns Signal Potential Upside

Litecoin’s daily chart from TradingView shows a breakout attempt in 2025. The coin formed wave 1 before retracing to wave 2, finding support above $60. This level aligns with a historical trendline from previous lows

If the triangle's top limit is broken, highs above $300 might be the aim. The lower support would be crucial if the price fell below $43, which would invalidate the bullish structure.

Optimism is infused with technical signs. From oversold area below 30, the Relative Strength Index (RSI) is now at 52.06. This shows there might be less selling pressure.

Source: TradingView

In addition, the histogram becomes positive and the Moving Average Convergence Divergence (MACD) line starts to cross over the signal line. Buyers may therefore benefit from short-term momentum that suggests future rising movements.

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