Litecoin (LTC) Price Prediction: Technical Indicators Surprise Soaring Signals, "Digital Silver" May Welcome the Highlight Moment?

Litecoin (LTC) has become one of the biggest highlights in the altcoin market in July, with a monthly rise of over 30%, but it has recently fallen into consolidation due to the drag from the broader market. The technical indicators are releasing significant bullish signals: renowned Chartered Market Technician (CMT) Tony Severino points out that the LTC monthly Average Directional Index (ADX) has broken above the key level of 20, with the positive indicator (DI+) gaining support for a rebound above the ADX line—this pattern is remarkably similar to the one seen before the bull run in 2017. Historical data shows that back then, after the ADX broke 20, the price of LTC soared from $3 to $360, an increase of up to 11,900%. If the current ADX can continue to rise and break the 25 threshold, it may confirm the start of a new epic rally.

LTC leads the rise in July, short-term trapped in consolidation In the past few weeks, Litecoin (LTC) has outperformed most alts, with a cumulative rise of over 30% in July, becoming the leading bull in the sluggish crypto market. However, constrained by the recent weakness in the overall crypto market, the price of LTC has been trapped in a narrow range of fluctuations over the past week, failing to further expand its gains. Nevertheless, several analysts remain bullish on LTC initiating an extended upward trend in the coming months.

Monthly ADX breaks 20, Technical Analysis triggers bull run alert On July 26, Chartered Market Technician (CMT) Tony Severino released a significant technical analysis on platform X, pointing out that Litecoin may be at the starting point of a new round of substantial rise. The core basis for this is the latest movement of the Average Directional Index (ADX) on the LTC monthly chart.

  • ADX Indicator Analysis: The Average Directional Index (ADX) is a key indicator for measuring the strength of an asset's price trend, assessing trend momentum by calculating the moving average of price volatility over a specific period.
  • ADX < 20: The market is in a consolidation or non-trending state.
    • ADX 20-25: Indicates that a trend may be forming.
    • ADX > 25: Confirm strong trend establishment.

Astonishingly Similar History: In 2017, it Triggered a 119x Surge Severino observed that the current Litecoin monthly ADX has effectively broken through the 20 level, indicating that a trend is forming. More importantly, the Positive Directional Indicator (DI+, typically represented by a green line) has successfully gained support above the ADX line and has begun to turn upwards.

This technical pattern is highly consistent with the indicator combination on the eve of the historic bull run of Litecoin in 2017:

  1. 2017: ADX also broke through the 20 level and provided solid support for DI+ (green line).
  2. Subsequent Market: The price of LTC soared from around $3 to $360, with an astonishing rise of 11,900% (119 times) during this period.

Key Confirmation Signal: ADX must break above 25 Severino emphasized that if the current monthly ADX can continue to rise and eventually effectively break through and stabilize above the 25 threshold, it will strongly confirm that Litecoin (LTC) has entered a new round of strong upward trend. This could provide solid technical backing for the long-awaited LTC bull run.

Conclusion: The monthly ADX of Litecoin has broken through 20 and supported DI+ rebound, undoubtedly injecting a strong dose of confidence for holders, especially when this signal highly aligns with the technical patterns before the ten-thousand-fold market surge in 2017. However, investors must remember that history does not simply repeat itself—the current macro environment, regulatory landscape, and on-chain fundamentals are vastly different from seven years ago. While positioning for potential bull run opportunities, it is essential to closely monitor whether the ADX can successfully break through the 25 confirmation level and to set strict risk controls to cope with sudden market fluctuations. If the technical signals are validated, the long-silent "digital silver" may welcome its moment of glory.

LTC-2.88%
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