Litecoin (LTC) is currently trading at $84.48, marking a 0.84% decline over the past 24 hours, while its daily trading volume slipped 10.72% to $523.73 million. Over the last seven days, LTC mirrored this mild downturn, posting a 2.33% decrease, yet its price action continues to demonstrate notable resilience. Market analysts point out that Litecoin’s […]Litecoin (LTC) is currently trading at $84.48, marking a 0.84% decline over the past 24 hours, while its daily trading volume slipped 10.72% to $523.73 million. Over the last seven days, LTC mirrored this mild downturn, posting a 2.33% decrease, yet its price action continues to demonstrate notable resilience. Market analysts point out that Litecoin’s […]

Litecoin’s Bullish Setup Revealed: Can LTC Rocket from $84 to $180?

2025/12/05 02:00
  • Litecoin maintains firm support near the $80–$85 range despite short-term market pressure.
  • Analysts highlight a 7-year descending wedge that could signal a major bullish reversal.
  • Price forecasts for 2025 suggest potential recovery toward the $167–$186 zone.

Litecoin (LTC) is currently trading at $84.48, marking a 0.84% decline over the past 24 hours, while its daily trading volume slipped 10.72% to $523.73 million. Over the last seven days, LTC mirrored this mild downturn, posting a 2.33% decrease, yet its price action continues to demonstrate notable resilience.

Source: CoinMarketCap

Market analysts point out that Litecoin’s current consolidation reflects broader caution across the digital asset landscape, with liquidity temporarily thinning and traders awaiting stronger directional cues. Despite this muted momentum, LTC continues to defend a key structural range that has historically acted as a springboard for recoveries.

Breakout Potential Above Descending Wedge Structure

According to Altcoin Piooners™, Litecoin is nearing what the analyst calls a “final test” inside a well-defined seven-year descending wedge on the three-week chart. LTC has tapped the lower trendline six consecutive times, a pattern seen as evidence of steady buy-side interest despite extremely low trading volume. 

This long-term structure is presented as the foundation for a potential momentum shift if price can sustain strength above the wedge.

Several bullish signals are highlighted in support of that view. The MACD histogram is flattening, hinting at a possible transition in weekly momentum, while a multi-year bullish RSI divergence, dating back to 2022, continues to build. 

At the same time, Litecoin has repeatedly absorbed sell-side pressure in the $80–$85 zone, an area the analyst refers to as “iron support” due to persistent wick rejections and consistent recovery from that range.

If LTC breaks upward from the wedge, the analyst outlines targets of $150–$180 in the short term, followed by a potential revisit to $260–$300 in 2026 and even $500–$600+ by 2027 in an extended cycle. 

Still, they caution that a monthly close below $75 could flip the outlook bearish and expose downside toward $50. Broader context, such as Litecoin’s halving cycle and its Mimblewimble privacy upgrade, is noted as an ongoing influence on long-term market sentiment.

Source: X

Also Read | Litecoin Hits $112 Peak, Can Momentum Drive Price Toward $125 Mark?

LTC Price Prediction for 2025

According to DigitalCoinPrice, Litecoin could approach or surpass $186.01 by the end of 2025 as part of a potential recovery phase. Analysts anticipate that LTC may eventually challenge its long-standing all-time high of $412.96, with interim consolidation expected in the $167.27–$186.01 range.

While market conditions remain mixed, current technical structures and long-term projections paint a cautiously constructive outlook for Litecoin as it navigates through the final stages of a multi-year compression pattern.

Also Read | Litecoin Surges 14% as ETF Buzz, Market Momentum Push LTC Toward $140

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

QQQ short term cycle nearing end; pullback likely to attract buyers [Video]

QQQ short term cycle nearing end; pullback likely to attract buyers [Video]

The post QQQ short term cycle nearing end; pullback likely to attract buyers [Video] appeared on BitcoinEthereumNews.com. The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active. Wave (4) of the ongoing impulse concluded at 580.27, and the ETF has since resumed its upward trajectory. To confirm continuation, price must break above the prior wave (3) peak recorded on 30 October at 638.41. The rally from the 21 November wave (4) low has matured and is expected to complete soon, reflecting the natural rhythm of the Elliott Wave sequence. The advance from wave (4) has unfolded as a five-wave impulse. Within this structure, wave ((i)) ended at 586.25, followed by a corrective pullback in wave ((ii)) that terminated at 580.36. From there, the ETF nested higher. Wave (i) of the next sequence ended at 596.98, while wave (ii) pulled back to 589.44. Momentum carried wave (iii) to 606.76, before wave (iv) corrected to 597.32. The final leg, wave (v), reached 619.51, completing wave ((iii)) at a higher degree. A subsequent pullback in wave ((iv)) ended at 612.13. Looking ahead, wave ((v)) of 1 is expected to finish soon. Afterward, a corrective wave 2 should unfold, addressing the cycle from the 21 November low before the ETF resumes higher. In the near term, as long as the pivot at 580.27 remains intact, dips are anticipated to find support in a 3, 7, or 11 swing sequence, reinforcing prospects for further upside. Nasdaq 100 ETF (QQQ) 30-minute Elliott Wave chart from 12.5.2025 Nasdaq 100 ETF Elliott Wave [Video] Source: https://www.fxstreet.com/news/qqq-short-term-cycle-nearing-end-pullback-likely-to-attract-buyers-video-202512050323
Share
BitcoinEthereumNews2025/12/05 11:40