- Litecoin gained 9 percent in spot and reached $85.28 from a $78 entry.
- A trendline breakout confirmed a reversal and hit swing profit levels.
- Price now looks toward $96 and $110 if strength stays in the market.
After a clean breakout from a descending trendline, Litecoin (LTC) rose above the $85.28 levels after an entry at $78. Crypto Patel issued the trade on April 23, 2025, which made nearly 9% in spot return and +90% at 10x leverage. The move confirmed an earlier setup shared with resistance targets projected along the $96-$126 range. The technical setup confirmed a change in trend after weeks of consolidation under pressure.
Breakout Setup and Execution of Trade
The trade was entered in the $77-$78 range, just under a significant resistance zone. This area has been a zone where price refrained from any upward movements throughout March and early April. The setup depended on a trendline breakout, which struck close to $78.
After some retests that failed to hold, Litecoin broke out of the trendline, with increasing volumes. This breakout had been an impetus for momentum buying that accelerated the price toward the $85 zone without any holding. The chart saw 7.07 points of movement, translating into a 9.04% spot gain.
Traders using leverage made profits as high as +90% entering with 10x positions. Crypto Patel reported that the profits were booked as a swing target. The trade was publicly shared on social media, receiving over 8,500 views with a significant level of engagement.
The structure printed a steady build-up of higher lows forming an ascending triangle pattern. These setups tend to break out when paired with the narrowing resistance. After turning $78 into support, the move ascended very quickly.
Long-Term Price Targets and Resistance Levels
Further, along the short-term target at $85, the trader set long-range targets between $96 and $126. These targets match historical resistance zones established in late 2023. The chart puts forward a wave path that indicates a possible continued upside, given momentum is held.
Price action between $96 and $110 would be closely observed. This range has served both as support and resistance during previous trading cycles. A break above $110 would then seek attention in the $124-$126 band.
Another long-term objective of $500 has also been alluded to by the trader. Although it is not a near-term swing target, it represents the trader’s broader perspective. Such a projection would be contingent on macro strength in Bitcoin and sustained inflows into the altcoin.
The move above $78 here was more than a technical move. It manifested a renewed interest by traders in Litecoin, which has lagged behind other major coins in the past months. The patterns on the chart now suggest that the asset is administering an attempt toward a bigger breakout phase.
Will Litecoin Hold the Break and Continue for Even Higher Targets?
The targets set for the minute are achieved, and traders wonder if Litecoin will plunge through the next levels of resistance.
The immediate hurdle lies at the $96 zone. Historically, this region has negated upside momentum during high-volume runs. A breakout here could open doors toward 110 and beyond.
Volume confirmation and overall market sentiment will be very important. If Bitcoin does remain strong, Litecoin can benefit from added liquidity. As laid in the chart, a pathway into early May presents growth if the current levels are respected.
