Litecoin (LTC) is likely going to resolve higher. Here are a few mid to long term LTC charts that tell a promising story.
In this article, we review 3 Litecoin charts.
Readers know our focus, almost obsession, with the longer timeframes.
RELATED – 15 Cryptocurrency Forecasts For 2025
We emphasize the long term timeframes to offset the noise created by short term charts especially in financial and social media.
Looking at the 3 LTC charts in this article makes it clear why we are turning bullish, long term, on Litecoin, consistent with our long term Litecoin (LTC) price prediction.
The longest term Litecoin chart
What does this longest LTC timeframe tell you?
Probably not a lot unless you have analyzed at least 10,000 charts in your life.
The reality is that this chart pattern is very powerful. As the social media creator rightfully points out, it’s a bullish W-reversal. What makes this chart special is the ultra long term duration of this pattern. Remember, the longer the time required for a bullish pattern to complete, the more powerful its outcome.
Update on $LTC
Litecoin right side of the bullish W pattern is still unfolding, targets ranging from $295 to $415. #LTC pic.twitter.com/b5f2GWK8nW
— Mails (@Mails_08) December 21, 2024
Another very long term Litecoin chart
Below is another view of the same long term LTC chart – but a condensed version.
Same take-away, same conclusion, same expectation, as the chart shown and discussed above.
This has the potential to become another powerful chart $LTC pic.twitter.com/kUrUvU1SdF
— Peter Brandt (@PeterLBrandt) December 7, 2024
Our own long term Litecoin chart
The Litecoin charts shown above look very promising.
That’s on the longest timeframe though, over 10 years.
When we look at the Litecoin chart over 5 years, still very long in crypto terms but certainly a zoomed in version of the 10-year chart, we see something even more interesting: resistance at Litecoin’s 50% Fibonacci level.
While resistance is no fun, it’s important to understand where, when, why this might be happening.
The short version of Litecoin’s resistance point is that it’s an expected point, so there is ‘harmony’ and ‘structure’ on what otherwise seems to be a chaotic chart.
Do we like Litecoin?
We cover Litecoin extensively in our premium research.
The reason – it’s a Bitcoin play.
What this exactly means, how we think about Litecoin vs. Bitcoin, why it’s important, is what we explain in our weekly premium crypto research notes.
In our latest alert, we covered the narrative view, related to the point made above, and we encourage readers to sign up and read more detail. It’s worth your time. This is the alert (instantly accessible upon registration): When To ‘Buy The Dip’ In Crypto?
