Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back?

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back?

CoinsProbeCoinsProbe2025/05/23 03:00
By:Nilesh Hembade

Date: Wed, May 21, 2025 | 10:40 AM GMT

The cryptocurrency market has mounted a solid comeback in recent weeks, with Bitcoin (BTC) and Ethereum (ETH) continuing to lead the charge. BTC has surged by 21%, while ETH has gained more than 53% in the past month. This bullish momentum is uplifting sentiment across altcoins — including Litecoin (LTC).

LTC has posted monthly gains of over 17%, and now a key breakout is being retested — suggesting that another bounce back might be on the horizon.

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back? image 0 Source: Coinmarketcap

Retesting the Cup and Handle Breakout

On the daily chart, LTC has formed a textbook rounded bottom pattern — a classic bullish setup that typically signals a trend reversal and continuation to the upside.

As shown in the chart, the rounded bottom began forming after LTC was repeatedly rejected from the neckline resistance zone around $95 in late March. This led to a sharp correction of nearly 33%, pushing the price down to a low of around $63.25 by April 7.

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back? image 1 Litecoin (LTC) Daily Chart/Coinsprobe (Source: Tradingview)

Since then, LTC has rallied over 50%, climbing steadily to break out above the neckline resistance at $95, confirming a bullish breakout. The breakout sent LTC soaring to a recent high of $106.91, before some profit-taking kicked in — causing a pullback of nearly 11%.

Currently, LTC is retesting the breakout zone between $92 and $95, a critical support area that previously acted as resistance.

What’s Next for LTC?

In this ongoing retest, LTC is showing promising signs of holding the support zone. If bulls successfully defend this level and push price action higher on strong volume, the uptrend could resume.

A decisive bounce here could confirm the breakout’s strength and set the stage for a continuation move. If LTC reclaims and surpasses the recent local high of $106, the next leg up could unfold swiftly.

Based on the measured move from the height of the rounded bottom formation, the next technical target lies between $127 and $130 — a potential 37% upside from current levels.

Caution Still Warranted

While the setup looks bullish, traders should remain cautious. LTC’s next major move could still be heavily influenced by broader market conditions, especially Ethereum’s momentum. If ETH continues to rally, altcoins like LTC may see renewed demand.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

2
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

MSTR, the leading Bitcoin concept stock, plunges up to 12% intraday after first signaling possible "coin selling"

MicroStrategy has announced the establishment of a $1.44 billion cash reserve to "weather the winter," and for the first time has acknowledged the possibility of selling bitcoin under certain conditions.

ForesightNews2025/12/02 20:43
MSTR, the leading Bitcoin concept stock, plunges up to 12% intraday after first signaling possible "coin selling"

A respite for global markets? Bitcoin halts its decline as Japanese bond auction eases liquidity concerns

Bitcoin also stabilized and rebounded, rising by as much as 0.7% to surpass the $87,000 mark. Strong demand in the Japanese government bond auction and the recovery of the crypto market have jointly eased investors' concerns about liquidity tightening.

ForesightNews2025/12/02 20:42
A respite for global markets? Bitcoin halts its decline as Japanese bond auction eases liquidity concerns

Ethereum's Next Decade: From "Verifiable Computer" to "Internet Property Rights"

From pushing the performance limit of 1 Gigagas to building the architectural vision of Lean Ethereum, Fede showcased with the most hardcore technical details and sincere passion how Ethereum should maintain its dominance in the next decade.

ChainFeeds2025/12/02 20:33
Ethereum's Next Decade: From "Verifiable Computer" to "Internet Property Rights"

"Stepless Transmission" in Ethereum Fusaka Upgrade: Establishing a Rapid Response Mechanism for L2 Scaling

In the future, Ethereum will be like being equipped with a "continuously variable transmission," so expanding Blobs will no longer need to be closely tied to major version upgrades.

ChainFeeds2025/12/02 20:32
"Stepless Transmission" in Ethereum Fusaka Upgrade: Establishing a Rapid Response Mechanism for L2 Scaling
© 2025 Bitget