- Litecoin is moving past long-term resistance, and analysts see strong price growth ahead.
- If momentum holds, the Elliott Wave pattern points to a move beyond $700.
- Key price levels include $137.83 and $361.43 as LTC prepares for a strong push.
Litecoin has bullish signs; analyst BigMike7335 makes an Elliott Wave projection for LTC to show major price increases. LTC is trading at $134.37 at analysis time, which reflects a 25.35% increase in value. This chart shows a defined five-wave impulse structure, suggesting that Litecoin has entered a new marketing cycle. According to this setup, the token is supposed to fill the way towards $361.43 before making its final move over the $700 mark.
The technical analysis here follows the Elliott Wave Theory in which Wave 3 delivers, as a rule, the most furious action to price. Litecoin seems to have completed its corrective phase, and now it is set for a prolonged move north. The Fibonacci levels give critical price targets, with a 1.618 extension at $257.54 as the next resistance and a 2.618 Fibonacci extension at $708.21 as a possible long-term target. The position of the wave structure also matches the historical market cycles of Litecoin, increasing the probability of a sustainable rally.
Litecoin Price Prediction 2025—Will LTC Reach $700?
Litecoin has been sitting in the accumulation range for multiple years, ranging from $100 to $120, and is proving completely stagnant regarding upside movement. The breakout above this range is a clear change in the market sentiment. The chart also shows that past ABC corrections have been completed, paving the way for a new uptrend.
Momentum indicators such as the Relative Strength Index (RSI) and stochastic RSI show a clear improvement in buyer dominance, thus providing additional confirmation for bullish prospects. Further, spikes in trading volume indicate renewed investor interest, which augurs well for a further climb.
In the near term, attention will be towards $137.83, a major resistance level that could confirm Wave 3. Within this break price, there would be further momentum for Litecoin and eventually position for a rally toward $361.43 if the price breaks above it. If the new wave structure plays as planned, the 5th wave could push the Litecoin price beyond $700, which matches the 2.618 Fibonacci extension. Nonetheless, the price trends of Bitcoin and the wider market condition will affect how fast and far this rally goes.
LTC Price Forecast—Key Levels to Watch
All eyes are on price action now that it is closer to resistance levels. LTC will take a couple of weeks to continue on this bullish projected path or confirm a bearish scenario. It will first be confirmed above $137.83. Then, the levels to watch for rejecting price would be further up at $257.54 and $361.43. A solid move beyond $700 will require support from buying pressure and good overall market conditions.
Litecoin’s market structure shows it could be on the verge of one of the largest rallies in several years. If momentum continues to build, LTC may become one of the best-performing assets in the space. Investors and traders should watch the upcoming price action as Litecoin prepares for a possible parabolic rise.
