Litecoin Shows Signs of Major Bullish Trend to 5 Digits

Litecoin (LTC) shows strong long-term growth potential with a breakout expected from a symmetrical triangle, key support at $95.14.
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Litecoin

Key Points

Litecoin's network value shows steady growth, with potential price surge to $70,000 by 2029.
Symmetrical triangle pattern suggests possible breakout and significant price movement for LTC.
Key support at $95.14 could trigger a reversal toward $100–$101, depending on market behavior.

Litecoin (LTC) is showing signs of a strong long-term bullish trend, according to recent technical analysis. Notable market analysts weighed in on the price trend and network value of Litecoin, offering both short-term and long-term forecasts.

Minimilian, a crypto analyst, highlighted the Litecoin network’s value in his recent analysis, showing a consistent upward trend from 2012 to 2029. The network value, represented by a purple line on the chart, has been rising steadily, even during periods of price consolidation.

This growth trend implies that the adoption and utilization of the Litecoin network are gaining momentum. The technical chart shows that the value of Litecoin could continue growing beyond 2025. Given this projection, Litecoin could experience a surge in its price. The analyst noted that this could ensure that Litecoin rallies to five digits, representing a price of at least $10,000.

Litecoin Symmetrical Triangle and Breakout Expectations

The analysis also shows that LTC’s price is trending within a symmetrical triangle pattern from 2017 to 2025, signaling a possible breakout once the consolidation phase ends. Analysts predict that once Litecoin breaks out of this pattern, it could see significant price movement.

Source: X

The symmetrical triangle often signals that buyers and sellers are reaching a point of equilibrium. Still, once the price breaks through the upper trendline, it typically makes a strong upward move. The breakout could align with the growth of Litecoin’s network value, making it an attractive prospect for investors.

Near-Term Price Action and Key Support Levels

While the long-term outlook remains positive, the short-term price action for Litecoin has shown some volatility. BlockchainBaller, another crypto analyst, provided an analysis of Litecoin’s price at the current level of $97, reflecting a 4% increase in the past 24 hours.

The price recently tested a key support level at $95.14, with traders watching how LTC behaves around this level. A failure to maintain this support could push the price further down toward the $93 range. On the other hand, if the price holds above the support zone, a possible reversal toward the $100–$101 range may occur.

Currently ranked #20 on CoinMarketCap, Litecoin has a market cap of approximately $7.4 billion. Additionally, the circulating supply stands at 76.4 million LTC coins and a maximum supply of 84 million.

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Evans Kelvin

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