- The Litecoin price climbed back above $116 after invalidating a previous setup that failed below the $110 level.
- The chart shows a breakout from a downward trendline that had been holding LTC under resistance for weeks.
- Analysts now track if the price can hold above $116 and push toward the previous high range near $130.
Litecoin (LTC) is showing renewed bullish interest after reclaiming $116, breaking above a descending resistance trendline on the 8-hour chart. A recent fakeout below $110 had earlier invalidated a bullish setup, pushing traders to reassess the altcoin’s near-term direction. The current recovery suggests momentum may be building for another upward leg.
On July 28, 2025, analyst RickUnTZ posted a chart and noted that LTC was “getting ready for the next push.” Price action confirms that LTC had consolidated below a key downtrend line before surging back to $116.39. This level is now seen as an important resistance zone as traders prepare for further developments.
The chart shows Litecoin has formed a coiling structure, with price tightening and now breaking slightly above the descending red trendline. The last major impulse occurred between July 13 and July 21, pushing LTC above $130 before facing heavy resistance and pulling back. This recent move marks an attempt to resume the broader uptrend.
Technical Structure Shows Breakout Potential
The 8-hour chart reveals that LTC had formed a sharp descending trendline following its high above $130. Each lower high led to price compression until the breakout attempt seen on July 28. The most recent candle has now pierced that trendline, bringing back buyer confidence.
Volume appears to be climbing gradually as the move above $116.39 gains traction. Analysts note this level has become a key inflection point for LTC , especially after the earlier fakeout below $110. If LTC can close multiple candles above the red diagonal line, the probability of sustained upside increases.
Chart watchers also point out that the ascending rally from below $80 to above $130 in July was driven by halving expectations. This upcoming event continues to support bullish sentiment. With current price action attempting to reclaim the high ground, traders are again looking toward retesting the $125 to $130 area.
Narrative Driven by Bitcoin Correlation and Market Uncertainty
RickUnTZ noted that most altcoin setups, including LTC, are currently sensitive to Bitcoin’s next move. The broader market remains in a range, and Bitcoin dominance continues to shape direction for other assets. For LTC, this adds pressure to maintain momentum above $116.
The analyst explained that the earlier setup was invalidated when LTC fell under $110. That drop forced a reset of expectations and highlighted the importance of overhead resistance zones. Now that $116 has been retaken, traders are cautiously optimistic about a new leg forming.
Litecoin’s halving narrative remains in focus, alongside increased network activity and growing market discussion. These developments have led to increased chart tracking and community engagement. For now, traders continue watching key resistance levels and market signals to confirm a valid breakout.
