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Litecoin’s Golden Cross and ADX Bounce Point to Potential Breakout

Trading near $110, Litecoin's next test is the $130 resistance to confirm a bullish breakout.

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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.