- Litecoin is consolidating between $108 and $124 forming a structure that could soon confirm a clear breakout or breakdown.
- Analyst Ali Charts says rejection at $124 could push LTC lower toward $85 then $67 and eventually reach $50 support.
- If Litecoin breaks above $124 with strong momentum it could avoid a deeper slide and recover toward the $140 region.
Litecoin (LTC) is facing a critical technical level that could determine its next major price direction. The asset currently trades at $120.13, gaining 1.05% in the last session. However, market analyst Ali Charts cautioned that rejection at the current resistance could trigger a sharp decline toward $50.
According to the chart shared by Ali, Litecoin is struggling to break above the $124 resistance level, a zone that has historically acted as a turning point. The weekly chart reveals that LTC has approached this region multiple times since 2023, each time followed by steep retracements.
At the time of reporting, LTC remains trapped between two major zones: the $108 support below and the $124 ceiling above. A failure to reclaim higher ground could confirm a bearish setup, potentially opening the door for deeper downside action.
Technical Outlook Suggests a Breakdown Pattern Forming
The chart illustrates a possible rejection scenario from the $124 region, showing projected price movements that could lead to gradual declines. The outlined path indicates potential retracements first toward $85, then $67, and eventually $50 if bearish momentum builds.
Litecoin’s weekly pattern has displayed consistent lower highs since mid-2025, a structure that aligns with weakening bullish control. Traders tracking the asset note that the formation resembles a long-term distribution phase where sellers outnumber buyers near upper resistance.
This technical configuration implies that Litecoin may face growing pressure as buyers lose momentum around the same range. If confirmed, a bearish cascade could unfold through 2026, with the price possibly revisiting levels unseen since early 2023.
Historical data further supports this analysis. Every time LTC tested resistance around $124 to $132, the market responded with double-digit corrections. The repetitive nature of these reactions makes the current area a critical pivot for both short-term traders and long-term investors.
Analysts Watch Key Support as Bearish Risks Grow
Market sentiment across social media has turned cautious following the projection. Several traders noted that Litecoin’s price has been consolidating in a narrow band since late 2024. The lack of strong momentum, combined with repeated failures to close above $124, has kept many investors on the defensive.
Analyst Ali’s statement that “a rejection here could send Litecoin to $50” has sparked active discussion among the trading community. His chart-based projection suggests that if the current resistance holds, Litecoin may begin a multi-month decline targeting the $79 and $55 zones before bottoming near $50.
If Litecoin fails to sustain support around $108, technical indicators could confirm the start of this bearish leg. Conversely, a decisive weekly close above $124 could invalidate the bearish structure and trigger a potential recovery attempt toward $140. Could Litecoin’s price action near $124 define its long-term fate as it battles to avoid another multi-month decline?
The coming weeks may prove pivotal, as traders assess whether Litecoin can hold its structure or face another round of heavy selling pressure. The chart’s projected path paints a clear image of what could unfold if resistance continues to dominate market behavior.
