Litecoin breaks out of a descending wedge, flipping market structure and setting sights on $107, with immediate resistance at $98.36.
Bullish momentum is confirmed by RSI near 64, rising volume, and price action above key EMAs and Fibonacci levels.
Institutional demand and technical confluence in the $90-$92 zone offer a solid base for traders targeting upside moves.
Litecoin (LTC) is back on the radar for traders and analysts as it shows signs of a substantial recovery amid broader crypto market optimism. After consolidating for several weeks in a narrow range, the popular altcoin has flipped its market structure, paving the way for a potential breakout toward key resistance levels, with $107 now a realistic short-term target.
This switch in bias comes as Litecoin price is moving above some key technical levels and with strengthening volume accompanied by renewed interest from both retail and institutional traders.
As of July 17, 2025, Litecoin's price is $97.28, up 1.5% in the last 24 hours, also gained more than 7% in the last week. The upward trend is taking place after an exceptionally bullish reversal pattern, defined by breakout candles on the daily chart.
Litecoin price has risen steadily from support near $89-$90 and formed a demand zone after price flipped structure in early July. The momentum has picked up quickly since LTC broke out of a falling wedge pattern, and it has accelerated since price breached the level of $92, which was former resistance and now strong support.
The technical landscape has shifted in favor of the bulls. Litecoin previously consolidated within a descending wedge, which it has now broken out of with strong confirmation.
This breakout was supported by a successful reclaim of the 0.5 Fib level ($92.01) and 0.618 Fib level ($95.69), adding confluence to the bullish scenario. Price is now hovering around the top of the Fibonacci zone and appears ready to push higher, provided it can maintain above these levels.
The RSI currently sits near 63.82, indicating bullish momentum without entering overbought territory. A steady RSI climb, combined with increasing volume and firm price action above all major moving averages, further reinforces the positive outlook.
If Litecoin holds above the $95-$96 zone, the next targets on the radar are:
$98.36 (near-term resistance)
$102.93 (multi-week breakout level)
$107.11 (measured move from the wedge breakout and Fibonacci extension target)
An upside move to $107 would represent a 10%+ gain from current levels and would put Litecoin back on course to revisit its yearly highs.
Also Read: Why Wall Street Is Suddenly Watching Litecoin, Not Just Bitcoin
According to recent analysis by market watchers, the breakout above the $88.90-$90.68 range was a critical structural shift that reversed the previously bearish trend.
Analysts at CLS GLOBAL highlighted the formation of a bullish fair value gap between $88.00 and $90.11, which has since served as a springboard for higher prices. Moreover, historical market behavior supports the idea of further upside.
Crypto analyst Javon Marks likened the current Litecoin setup to the early stages of altcoin bull runs, particularly the pattern seen before the 2017 rally. While this comparison remains speculative, the technical alignment and rising momentum suggest that LTC could be entering a similar breakout phase.
Traders are currently watching to see if Litecoin can break and have a strong close above $98.36, a local high that has rejected prior attempts to break out at that level. A decisive move above this level could trigger stop orders and FOMO buying, leading to swift movement toward $102.93 and then $107.11.
On the downside, a pullback toward the $92-$94 demand zone is possible and even healthy for market structure. This area will act as a critical test; a successful retest and bounce would signal a continuation of the bullish trend and offer potential re-entry points for sidelined traders.
If the support fails, the next areas of support are the 50-day EMA ($91.80) or the 200-day EMA ($89.89). If the price breaks below either of these moving averages, it will likely signal a weakening short-term bullish scenario.
Also Read: Top Altcoins to Watch in July That May Outshine Bitcoin
Litecoin's technical outlook has improved significantly in the last two weeks. After several months of consolidation amid LTC bullish trend, the asset is back in a bull phase, having broken out of a key pattern and reclaimed several major levels of support. As the price is approaching $98, analysts are looking for a breakout that would send LTC towards $107 in the next sessions.
With strong support around $90-$92 and increasing trading activity, Litecoin appears poised to play catch-up with the broader altcoin market. If macro sentiment holds and Bitcoin remains stable, LTC could become one of the top-performing large-cap assets in the near term.
Traders should look for confirmation above $98 and manage their entries around retests of the $92-$95 zone, with some monitoring of the RSI and volume, looking for continuation or a reversal.
1. Why is Litecoin (LTC) considered bullish right now?
Litecoin recently broke out of a descending wedge pattern and reclaimed key Fibonacci and EMA levels, showing strong bullish momentum.
2. What are the current price targets for Litecoin?
Immediate resistance lies at $98.36, with upside targets at $102.93 and $107.11 based on technical projections.
3. What technical indicators support the bullish case?
Litecoin is trading above its 20, 50, and 200-day EMAs, and the RSI is near 64, indicating strength without overbought conditions.
4. Where is the critical support zone for LTC?
The $90-$92 range is a key demand zone, supported by a bullish fair value gap and structural flip confirmation.
5. Could Litecoin fall below support again?
If the $90 zone fails, downside could extend to $89.89 (200 EMA), weakening the short-term bullish outlook. However, current momentum remains positive.