Technical analysis by shakatrade1_618 about Symbol LTC: Buy recommendation (7/16/2025)

Price Action & Key Zones Litecoin LTCUSD LTCUSDT continues to move within a multi-year consolidation range. The monthly chart clearly shows the range that has held since 2022. Key levels to watch: Resistance at 145–150 USD — a key seller zone that has repeatedly acted as a reversal area. Zone 150–180 USD — monthly imbalance, likely to serve as major resistance on breakout. Range 195–270 USD — bearish order blocks, which will also act as overhead resistance. On both monthly and weekly timeframes, LTC appears to be in a phase of accumulation or reaccumulation. A breakout from this structure will likely take time. Wave Analysis: Two Scenarios 1. Base scenario : LTC is still forming a contracting triangle. Currently, it is developing wave D, which should test the monthly imbalance in the 150–180 range. After that, a correction in wave E (bearish phase) is expected, followed by a potential upward impulse. 2. Alternative scenario : the triangle is already complete, with wave E having formed at $62 in December 2024. A new upward expansion has begun. However, this version is not supported by the triangle’s geometry — none of its sides align with the 0.618 Fibonacci ratio. Also, proper distribution in such cases typically takes at least 6 months, and BTC might not have that much time left in its cycle. Therefore, I stick with the base scenario: LTC is still in the accumulation phase. Targets & Timing Near-term targets: $107 → $128 → $147 (December high). Maximum target for this cycle — $180, where a major reversal or distribution may occur. On the 4H chart, a 5-wave impulse structure formed from April to May (likely wave A), followed by a sharp correction. Currently, wave C appears to be unfolding, and based on Fibonacci extensions, it could reach between $128 and $180. Fundamental Drivers for Growth: 1. Litecoin remains a reliable payment network, offering fast transactions and low fees — often referred to as “digital silver.” 2. LTC mining is synchronized with BTC, making it a logical choice for certain miners. 3. In many regions, LTC is actively used for cross-border transfers and capital movement. 4. Undervalued compared to other altcoins, with no centralization concerns or SEC scrutiny — this could attract more institutional interest. 5. ETF Potential: after BTC and ETH, Litecoin could be the next natural candidate for a spot ETF. If approved, this could trigger a significant surge in interest and liquidity.Two targets hit successfully — $107 and $128 reached. The next key target is the December high. The bullish structure remains intact, and as long as LTC holds above the broken levels, there is still room for further expansion. A firm close above $128 would be a strong confirmation, opening the path toward the next milestone.