Litecoin Approaches Key Resistance As Seven-Year Triangle Nears Breakout: What’s Next?

Litecoin rose 1.88% in 24 hours, recovering from $108 to $115 with strong intraday momentum.

The price structure compresses between $60–$70 support and a long-term resistance trendline from 2021 highs.

Technical projections indicate a potential breakout, with targets at $295 and a 1.618 extension near $650.

Litecoin is once again approaching a critical resistance level, as the price structure continues to compress within a long-term triangle. Since 2018, the asset has traded inside a contracting wedge, forming lower highs and higher lows. As of this week, Litecoin has been trading near $113 levels and presses against the descending trendline formed from the 2021 peak around $400. This marks the latest test of upper resistance following a series of failed breakouts between 2023 and mid-2025.

As of press time, CoinMarketCap data confirms that Litecoin is trading at $115.05, recalling a 1.88% gain over the past 24 hours. The price opened near $113 and experienced early changes before declining to around $108 during morning trading hours. A strong recovery followed, with a constant climb pushing the price back above $112 and later breaching $114.

Source: CoinMarketCap

The intraday chart shows a clear upward trajectory during the afternoon, indicating sustained buying pressure. Volatility was evident with multiple short pullbacks, but the momentum remained intact as the price closed in on $115. This movement marks a sharp rebound from the earlier session lows, showing consistent intraday price strength.

Price Compression Tightens Toward Apex

According to an observation by CryptoBullet, the triangle's lower boundary rises from the 2018 cycle bottom near $23, supporting higher lows up to the current $60–$70 zone. Weekly closes have respected both trendlines, steadily narrowing Litecoin’s range for over six years. The apex of the triangle now points toward late 2025, suggesting that time for a breakout is nearing.

Source: X

Mid-range support remains concentrated around $90, aligning with the dotted POC level shown on the chart. This price zone matches high-volume activity from earlier accumulation periods between 2019 and 2022. Volume profile data confirms consistent trading between $40 and $120, reinforcing this region as a long-standing area of interest.

Recent Price Action and Measured Target

In recent weeks, Litecoin’s candles have formed steady higher lows since mid-2022, keeping upward pressure intact. The most recent weekly candle pierced resistance briefly but failed to close above it, confirming another rejection for now. However, the upward slope of recent lows suggests that buyers continue to defend support aggressively.

A projection tool sets the 1.618 extension target near $650, which remains above the prior cycle high. Additionally, a historical level near $295 stands as an intermediate target, previously active during the 2021 distribution phase. The triangle pattern’s endpoint, combined with declining volatility, frames a technical structure awaiting resolution. The weekly chart reflects Litecoin’s prolonged consolidation, now nearing another resistance confrontation within its multi-year pattern.