The most important Litecoin Fibonacci level is the 50% retracement level at $128.6. Litecoin (LTC) is breaking out today, January 17th, 2025. While resistance awaits here, a decisive breakout would be huge for Litecoin.
We focus on LTC Fibonacci analysis in this article.
READ – 15 crypto predictions for 2025
Litecoin’s 50% Fibonacci level
Fibonacci analysis can be useful, certainly when combined with charting analysis.
Per our method, we look at:
- Fibonacci retracement levels, with the 50% combined with the 61.8% and 38.2% levels as the most critical ones.
- Horizontal support and resistance levels per chart analysis. Rising and falling trendlines.
- Overall chart structures (patterns) as they relate to the above chart ‘events’.
When combined, very powerful insights come out of the chart, any chart.
Litecoin’s chart with Fibonacci levels
Litecoin’s chart has some amazing insights.
Below is the long term LTC chart, sourced from our Litecoin price prediction research page.
- The 50% Fib level is $128.6. Look how this coincided with the highs of mid-2019, a very important point on the chart. This reinforces the importance of this price point. E.g., a breakout above this level is amplified in terms of intensity.
- The bullish chart reversal created in 2022 and 2023 was orchestrated around the 61.8% Fib level. This reinforces its bullish nature, but also adds to confidence of its outcome.
- The big decline in April 2022, huge red candles as seen on below chart, started right at the 50% Fib level.
All this means one thing: once LTC breaks through this important 50% Fib level, it will be an extremely powerful breakout!
Litecoin’s prospects
Overall, the outlook for Litecoin is very bullish.
Considering the very reliable chart pattern which is created around key Fibonacci levels, it is fair to say that is has lots of bullish characteristics.
The probability of a bullish LTC outcome is very, very high.
Moreover, considering the traction that Litecoin is experiencing, as evidenced by the Litecoin foundation updates and #ETF news, it seems that chart and foundations are well aligned.
Did we say that we are bullish on Litecoin?
Yes, we did, and we even shared specific a specific ‘buy a dip’ level, sourced from our premium crypto membership in a public LTC post (which we only do exceptionally). On January 6h, 2025, we wrote: “We believe LTC will create solid support around its 61.8% Fib level ($98) in January 2025, a buy the dip level.”
Litecoin hit $98 a few days ago, now at $134.
