- Litecoin has completed its second wave correction and is starting a new bullish move toward higher levels
- Wave 3 could take LTC past $190 and $260 if it builds the same strong push seen in earlier phases
- If the wave structure stays on track the price may reach $361 by mid 2026 as the cycle finishes wave five
Litecoin (LTC) is trading near $85 as a multi-year Elliott Wave count suggests a move above $361 may be underway. A new bullish sequence appears to have started, following the completion of Wave 2 at recent lows. If the current pattern plays out, Litecoin could be entering Wave 3 with major upside potential into 2026.
Elliott Wave Count Suggests Momentum Is Building
A detailed chart shared on May 5, 2025, illustrates Litecoin’s price movement within a five-wave Elliott cycle. The current price action shows the completion of corrective Wave 2, with the next leg positioning for a Wave 3 breakout. Historically, Wave 3 is the strongest and most extended phase of the five-wave sequence.
The previous Wave 1 rally began in mid-2023 and peaked in early 2024, taking LTC from around $40 to above $110. This wave was followed by an ABC corrective pattern, bottoming near $70 in early 2025. The chart now indicates the start of Wave 3 from the recent low, with price stabilizing around $85.
Volume has shown a gradual increase during the early stages of this rally, supporting the possibility of bullish continuation. Traders are watching closely as momentum indicators begin rising from oversold territory on the 3-day chart. This technical setup aligns with previous patterns seen in LTC’s historical cycles.
Key Resistance Levels and the $361 Target Zone
If the structure follows a typical five-wave pattern, Litecoin may approach $361 during Wave 3 or Wave 5 by mid-2026. The chart outlines critical resistance levels near $190 and $260, which could act as pause points in the climb. The breakout must overcome these ranges for the full target to be reached.
The $361 level is not only a technical projection but also aligns with a horizontal price ceiling formed in 2021. Litecoin previously failed to break this level during a peak in Wave B. Now, it serves as a long-term resistance area that may be retested in the current cycle.
Elliott Wave theory assumes investor psychology moves in repeated phases. If that holds, the current wave count supports a prolonged upward move. Investors following this pattern may anticipate short-term pullbacks within the broader trend, such as a Wave 4 correction, before the final Wave 5 expansion.
Will Litecoin Complete the Full Five-Wave Structure?
The price path projects Wave 3 to break above $260 before a retracement leads into Wave 4 near $200. After that, Wave 5 could target $361 or beyond, completing the five-wave impulse by late 2026. If the sequence stays intact, Litecoin may chart one of its strongest runs in years.
Currently trading at $85.27, Litecoin has significant distance to cover before reaching these levels. However, the structure provides clear checkpoints along the way. With the Wave 2 correction completed, many will be asking: can LTC now deliver a classic Wave 3 rally to reignite its long-term bull cycle?
