Litecoin Eyes Major Breakout as Analyst Compares Setup to Zcash Rally

Litecoin trades near key resistance, resembling Zcash’s breakout structure seen in its recent price rally.

CryptoBullet identifies a symmetrical triangle pattern, indicating compression before a potential major move.

Bitcoinsensus predicts Litecoin could hit $1,500–$2,000 if its five-wave structure and ETF catalysts align.

Litecoin appears to be approaching a decisive technical level, with analysts pointing to similarities between its long-term structure and Zcash’s recent breakout. According to market analyst CryptoBullet, Litecoin could see a rally similar to Zcash’s surge earlier this year

Both digital assets display a symmetrical triangle formation, a pattern often associated with price compression before a major move. Currently trading at $103, Litecoin is close to an important resistance area that has historically preceded strong uptrends.

Long Term Structure Shows Price Compression

Litecoin’s upper descending resistance line extends from around $420 in mid-2021, while its ascending support line traces back to about $20 from early 2018. This narrowing range shows years of decreasing volatility and potential accumulation, suggesting that a breakout could be nearing

Notably, Zcash has already breached a similar structure, climbing toward $295 after moving above its resistance line. Analysts view this development as an early indicator that Litecoin may follow a related move if bullish momentum builds

Key Levels Define Next Market Move

Technical data shows Litecoin’s primary support zone between $50 and $65, forming a key base that has held for years. On the upside, the $130–$150 resistance area is the main barrier to confirm a sustained breakout

Source: CryptoBullet on X

If Litecoin manages to move and hold above this range, the next target could reach $354, aligning with prior reaction zones. Further upside projections based on the 1.618 Fibonacci extension indicate a potential move toward $650, should the breakout remain valid

However, any failure to maintain momentum near resistance could send the asset back toward the lower support region. These defined levels outline the next significant phase for Litecoin’s multi year structure.

Analysts Weigh in on Long Term Potential

Additional analysis from Bitcoinsensus suggests Litecoin could rise far beyond the near-term range if macro patterns unfold fully. The firm noted that on the monthly timeframe, Litecoin continues to show structural strength that may support extended gains.

According to Bitcoinsensus, if the projected five-wave formation completes, prices could advance between $1,500 and $2,000 per coin. The analysts also noted that an upcoming ETF could add momentum to the broader market narrative surrounding Litecoin.

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