While much of the crypto market has seen renewed volatility, Litecoin has quietly drifted into one of its tightest consolidations in years.
After peaking above $125 in July, the asset slipped back toward $110, continuing a multi-month trend of subdued price action. But technical signals suggest the lull might not last.
Crypto analyst Tony “The Bull” Severino points to a key shift in Litecoin’s long-term momentum indicator: the Average Directional Index (ADX). On the monthly chart, the ADX has bounced near the 20 level—a threshold that historically marks the start of strong directional moves. The same signal appeared in 2017, just before Litecoin launched into a parabolic rally from under $4.
Adding fuel to the bullish thesis is the +DI (Directional Indicator), which is turning upward alongside the ADX. According to Severino, this combination hasn’t been seen since Litecoin’s major breakout nearly eight years ago and stands in contrast to the failed rally setups of 2020, when ADX remained weak.
The price chart also supports a possible inflection point. Since 2021, LTC has been wedged in a symmetrical triangle pattern—squeezing between long-term descending resistance and rising support. With the range narrowing rapidly and the price testing the upper boundary, the setup could be primed for a breakout.
For now, $130 remains the key level to watch. A clean move above it would signal a break from the multi-year triangle and potentially set the stage for a major rally—similar to what unfolded in 2017.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/market/is-litecoin-gearing-up-for-its-biggest-move-since-2017/