- Litecoin (LTC) is currently showing signs of a potential major bullish breakout as a rare Golden Cross technical pattern forms on its weekly chart, a signal that has historically led to explosive price rallies for the cryptocurrency.
- With LTC trading below $90, this pattern, which has only occurred twice before in its history, suggests a significant price surge could be on the horizon, potentially pushing its value well past $200.
Litecoin (LTC), often dubbed the “Digital Silver” to Bitcoin’s “Digital Gold,” is showing signs of a potential major bullish breakout as a rare technical pattern—the Golden Cross—is forming on its weekly chart. With LTC currently trading below $90, this could mark a turning point for the long-standing cryptocurrency, which has largely remained under the radar since its last halving event in 2023.
A Golden Cross occurs when the 50-week moving average crosses above the 200-week moving average, signaling a potential long-term trend reversal from bearish to bullish. This pattern is particularly noteworthy in Litecoin’s case, as it has only happened twice in the coin’s decade-long history—both times leading to explosive price rallies.
According to crypto analyst and CMT-certified expert Tony “The Bull” Severino, the historical performance following a Golden Cross in Litecoin’s chart has been nothing short of remarkable. In 2017, prior to the first Golden Cross, LTC surged by 700%. The second occurrence in 2021 saw a 450% price rally before the pattern even fully formed. If history repeats itself, Litecoin could be gearing up for another major price surge in the coming weeks or months.
Interestingly, Severino notes that in both previous instances, the price rally occurred ahead of the actual Golden Cross confirmation. This suggests that traders often anticipate the bullish signal and act preemptively, driving prices higher before the crossover officially takes place. As Litecoin approaches this key technical juncture once again, early momentum could already be building.
However, the analyst also pointed out a pattern of diminishing returns. While the first Golden Cross brought a 700% gain, the second delivered a 450% rally—still substantial but notably less than the first. If this trend continues, a rally in the range of 200–300% could still be in the cards, potentially pushing LTC past the $200 mark.
Currently, Litecoin is trading around $87. Based on previous patterns:
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A 200% rally would send LTC to approximately $260.
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A 450% rally could lift it toward $478.
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A 700% rally might take it beyond $695—a level not seen in years.
While nothing is guaranteed in the volatile world of crypto, the approaching Golden Cross is a strong signal that market participants should watch closely. If Litecoin can sustain upward momentum, this technical setup may once again act as a catalyst for a substantial price breakout.
With historical precedent, bullish sentiment, and a potentially market-shifting technical pattern on the horizon, Litecoin could be poised for a comeback that surprises even seasoned investors.