Litecoin has been consolidating in a symmetrical triangle for nearly a decade on the macro 6M chart. Despite recent price weakness, the structure remains bullish. The triangle’s apex is nearing, and historically, such long-term squeezes lead to explosive moves.
Here’s the interesting part:
If we project the distance from the triangle’s base to its tip onto a breakout point (end of triangle), the target aligns perfectly with the 3.618 Fibonacci extension, which is around $1350.
This isn’t just a random number — it implies a market cap of around $100B for Litecoin, which is absolutely imaginable in a scenario where:
• Bitcoin reclaims its ATH,
• BTC dominance declines (altseason begins),
• and sentiment shifts risk-on for large-cap alts.
⸻
Fundamentals Supporting the Move:
• MWEB (MimbleWimble Extension Block): Adds optional privacy and fungibility.
• ETF speculation & recognition by major institutions like Grayscale and Fidelity.
• Payment use cases remain strong – LTC is still one of the most used coins for transactions.
• Memetic potential: The rise of meme culture can shift retail attention quickly.
• Historical correlation with BTC cycles.
⸻
Technicals:
• Price respecting triangle structure
• Holding macro higher lows
• Fibonacci levels show confluence with projected breakout
• RSI hovering in neutral zone – lots of room for upside
• Low volume suggests coiling pressure building up
⸻
Key Levels:
• Support: $65–70 zone (bottom of triangle)
• Resistance/Breakout Trigger: ~$140
• Fibonacci Targets:
• 0.618: $255
• 1.618: $630
• 3.618: $1350
⸻
Potential LTC/BTC Ratio:
If LTC hits $1350 and BTC retests ATH, that gives LTC/BTC a ratio of 0.01, a historic level and psychological milestone.
⸻
Conclusion:
All eyes on this triangle. Fundamentals are aligning with technicals. If the bull market resumes and BTC dominance breaks down, Litecoin is poised for a breakout that could surprise many.
Let the triangle decide. 🚀
Here’s the interesting part:
If we project the distance from the triangle’s base to its tip onto a breakout point (end of triangle), the target aligns perfectly with the 3.618 Fibonacci extension, which is around $1350.
This isn’t just a random number — it implies a market cap of around $100B for Litecoin, which is absolutely imaginable in a scenario where:
• Bitcoin reclaims its ATH,
• BTC dominance declines (altseason begins),
• and sentiment shifts risk-on for large-cap alts.
⸻
Fundamentals Supporting the Move:
• MWEB (MimbleWimble Extension Block): Adds optional privacy and fungibility.
• ETF speculation & recognition by major institutions like Grayscale and Fidelity.
• Payment use cases remain strong – LTC is still one of the most used coins for transactions.
• Memetic potential: The rise of meme culture can shift retail attention quickly.
• Historical correlation with BTC cycles.
⸻
Technicals:
• Price respecting triangle structure
• Holding macro higher lows
• Fibonacci levels show confluence with projected breakout
• RSI hovering in neutral zone – lots of room for upside
• Low volume suggests coiling pressure building up
⸻
Key Levels:
• Support: $65–70 zone (bottom of triangle)
• Resistance/Breakout Trigger: ~$140
• Fibonacci Targets:
• 0.618: $255
• 1.618: $630
• 3.618: $1350
⸻
Potential LTC/BTC Ratio:
If LTC hits $1350 and BTC retests ATH, that gives LTC/BTC a ratio of 0.01, a historic level and psychological milestone.
⸻
Conclusion:
All eyes on this triangle. Fundamentals are aligning with technicals. If the bull market resumes and BTC dominance breaks down, Litecoin is poised for a breakout that could surprise many.
Let the triangle decide. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.