Litecoin Price Prediction: Technical indicators show that LTC is expected to rise 900% and break historical highs.

The price of Litecoin (LTC) has recently been on a strong rise, consecutively breaking through the $100 and $110 thresholds. According to encryption technical analyst Tony Severino, LTC is brewing a multi-year technical breakout that could trigger a big pump of over 900%, potentially challenging its all-time high of $410.

Litecoin makes a strong rebound back to the $100 mark

In the recent recovery of the altcoin market over the past few weeks, Litecoin has stood out particularly. In the third week of July, the LTC price climbed back above the $100 mark, and on Saturday, July 19, it broke through $110, setting a new high since mid-May and demonstrating strong upward momentum.

Investor sentiment is rapidly warming up, and price momentum also indicates that the pump of Litecoin may just be beginning.

Technical charts indicate potential 900% big pump space

Renowned market technical analyst and CMT certified expert Tony Severino stated on platform X that Litecoin is at the end of a "multi-year symmetrical triangle convergence" pattern, which suggests a potential explosive breakout may be imminent.

A symmetrical triangle is a classic technical chart pattern where the price gradually converges and then chooses to break out either upward or downward. Typically, this type of formation is a continuation pattern, meaning that given a prior trend of rising prices, there is a high probability that the price will continue the upward trend after the breakout.

Severino pointed out that based on the triangular measurement target method, once Litecoin effectively breaks through the upper boundary of this pattern, it is theoretically expected to rise by more than 900% and challenge the ATH of $410.

Key resistance levels will determine the mid-term trend of LTC

Currently, LTC has broken through 110 USD. If the subsequent trading volume continues to expand and the price breaks above the upper boundary of the triangle, it may trigger a large-scale pump. However, if the breakout fails or market sentiment weakens, LTC may face a short-term pullback.

The breakthrough or not of this key technical pattern will determine the main direction of Litecoin in the coming months. For bulls, the short-term focus is on confirming the breakout in the $115-$120 range, while the medium-term target is above $150.

Conclusion: Litecoin shows strong upward momentum under the resonance of technical patterns and market sentiment. Investors should pay attention to key resistance breakout situations and volume coordination. If the symmetrical triangle successfully breaks out, LTC may usher in a rare large-scale rise, making it one of the crypto assets worth closely monitoring.