LTC Poised for Major Rally as It Mirrors ETH’s Bullish Pattern, Targets $240
Litecoin (LTC) is showing a striking resemblance to Ethereum's (ETH) historical price trajectory, leading analysts to predict a potential surge toward $240. Market technician Ali Martinez highlighted this parallel on August 15, noting that LTC is now positioned similarly to ETH before its last major breakout. This pattern has sparked Optimism among traders, suggesting that LTC could follow ETH's footsteps in achieving significant gains. With the current bullish momentum, all eyes are on Litecoin as it aims for its next key resistance level.
Litecoin Mirrors Ethereum's Bullish Pattern, Eyes $240 Target
Litecoin's price action is tracing Ethereum's historical trajectory, sparking speculation of a potential rally toward $240. Chart analysts highlight a striking correlation between the two assets, with Litecoin now positioned where ethereum was before its last major breakout.
Market technician Ali Martinez underscored the parallel on August 15, showcasing how Ethereum's earlier breakout from a similar configuration preceded significant gains. The replication of this pattern suggests Litecoin could test $220 initially, with $240 becoming viable if bullish momentum persists.
Short-term technicals reinforce the optimistic outlook. Trader CryptoJoe identified a bullish 'falling wedge' formation on Litecoin's 30-minute chart following a recent price correction, setting an immediate target of $134.35. Such technical confirmations often precede upward reversals.
LTC Price Prediction: Targeting $132-$145 by September 2025 Despite Short-Term Bearish Momentum
Litecoin's price trajectory presents a paradox—bearish signals dominate short-term charts, yet the underlying structure remains decidedly bullish. Analysts pinpoint $134.19 as the critical resistance level; a decisive break could propel LTC toward $132-$145 within four weeks. The immediate support floor at $103.16 must hold to prevent deeper retracements.
Market sentiment fractures along analytical lines. Changelly's $145.92 target aligns with technical setups, while WalletInvestor's conservative $111.947 forecast reflects MACD histogram warnings. Cryptopolitan's $150 medium-term projection underscores institutional confidence in Litecoin's fundamentals, though PricePredictions.com's $402.12 outlook appears detached from current on-chain metrics.
The convergence of predictions between $123-$145 mirrors identified resistance clusters, suggesting traders are positioning for volatility. Litecoin's very strong bullish trend classification remains intact—what appears as weakness may simply be accumulation before the next leg up.
Litecoin Consolidates After 11% Rally as Payment Adoption Surges
Litecoin (LTC) hovers at $117.70 following a volatile week that saw prices peak at $124.90. The 11% weekly gain reflects growing payment sector adoption, with CoinGate data showing LTC now ranks as the second-most used cryptocurrency for transactions.
Technical indicators present mixed signals—a neutral RSI at 52.19 contrasts with bearish momentum divergence. Market capitalization climbed to $9.54 billion despite the current 2.31% daily dip, underscoring sustained investor confidence.
The August 9th single-day surge of 10.85% coincided with Litecoin's breakout from a three-year consolidation pattern. Profit-taking now tempers the rally, but the underlying bullish trend remains intact.
