Is Litecoin Gearing Up for Its Biggest Move Since 2017?
While much of the crypto market has seen renewed volatility, Litecoin has quietly drifted into one of its tightest consolidations in years.
After peaking above $125 in July, the asset slipped back toward $110, continuing a multi-month trend of subdued price action. But technical signals suggest the lull might not last.
Crypto analyst Tony “The Bull” Severino points to a key shift in Litecoin’s long-term momentum indicator: the Average Directional Index (ADX). On the monthly chart, the ADX has bounced near the 20 level—a threshold that historically marks the start of strong directional moves. The same signal appeared in 2017, just before Litecoin launched into a parabolic rally from under $4.
Adding fuel to the bullish thesis is the +DI (Directional Indicator), which is turning upward alongside the ADX. According to Severino, this combination hasn’t been seen since Litecoin’s major breakout nearly eight years ago and stands in contrast to the failed rally setups of 2020, when ADX remained weak.
The price chart also supports a possible inflection point. Since 2021, LTC has been wedged in a symmetrical triangle pattern—squeezing between long-term descending resistance and rising support. With the range narrowing rapidly and the price testing the upper boundary, the setup could be primed for a breakout.
For now, $130 remains the key level to watch. A clean move above it would signal a break from the multi-year triangle and potentially set the stage for a major rally—similar to what unfolded in 2017.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
