Overview
- Litecoin has traded between $50 and $115 for over three years, with the $100–$110 zone serving as a robust support base.
- In July, its 50-day EMA crossed above the 200-day EMA, forming a golden cross that often precedes sustained price advances.
- The monthly ADX indicator bounced off the 20 level, mirroring the signal that sparked Litecoin’s rally in 2017.
- Price compression within a symmetrical triangle since 2021 has tightened around $110, with a break above $130 followed by $150 seen as a trigger for a bullish surge toward $296.
- Growing allocations from institutional treasuries are shining a spotlight on Litecoin as a lower-risk alternative among established altcoins.