Litecoin’s latest technical setup is drawing attention as traders speculate whether the long-dormant altcoin is preparing for a breakout toward its next major rally zone.
Growing momentum signals, combined with multi-year structural similarities to previous accumulation phases, have pushed Litecoin back into the spotlight. Analysts are now reassessing both near-term trends and long-term breakout potential as LTC approaches a key inflection point.
Litecoin has returned to market focus as traders review a new set of technical signals suggesting a potential shift in momentum. Recent price action and multi-year chart behavior show similarities to previous accumulation phases that preceded major rallies, leading to renewed discussion around updated Litecoin price predictions.
This article examines current chart structures, sentiment indicators, and analyst interpretations shaping the near-term and long-term outlook for LTC.
4-Hour Chart Breakout: Analysts highlight a Critical $105 Level
A widely shared 4-hour chart on TradingView—posted by trader @mr_uponly, who is known within the community for his Elliott Wave analysis—shows Litecoin approaching a key resistance level at $105. Elliott Wave traders typically look for breakouts above such structural barriers to confirm impulsive phases, which is why this level is receiving heightened attention.
The market appears to be forming upward accumulation on the weekly timeframe, with potential for continued upside next month as conditions are closely monitored. Source: BUILDINGWEALTH07 on TradingView
On November 16, promoter @bogdanoffig reposted the chart when LTC was trading near $102. Since then, price has eased to around $96, reflecting Litecoin’s ongoing sensitivity to broader market trends and its historically high correlation with Bitcoin. A review of LTC’s recent candles shows repeated rejections around the $101–$103 range, indicating that sellers continue to defend this zone.
Community reactions were mixed. Some traders expressed optimism about an upside continuation if Litecoin can secure a clean close above resistance. Others warned about the possibility of short-term weakness, noting how LTC often sees 20–30% retracements even during broader uptrends. These contrasting views reflect Litecoin’s long-standing volatility, which frequently mirrors Bitcoin cycle rotations where gains can compound quickly—but corrections can follow just as sharply.
This 4-hour structure remains central to ongoing Litecoin price analysis and is frequently referenced in short-term LTC price prediction models.
Market Structure: Three Years of Accumulation Raise Breakout Expectations
A weekly chart reviewed by multiple analysts highlights almost three years of accumulation within a defined range between $90 and $120. Recent weekly candles show persistent buying interest near the lower boundary, with long wicks forming repeatedly around the $90–$95 area—an early sign that buyers are consistently defending the zone.
Historical precedents add weight to this pattern. In the 2017 and 2021 cycles, Litecoin broke from multi-year trading ranges before accelerating into 5x–10x rallies. While history does not guarantee future outcomes, these past behaviors contribute to analysts’ interest in the current structure.
Litecoin ($LTC) shows bullish momentum with a potential surge, targeting $650 according to recent chart analysis. Source: @bogdanoffig via X
As of November 17, LTC trades just below resistance at approximately $98, maintaining its position within a broader bullish framework. Forecasts from sources such as Changelly—a commonly referenced aggregator that compiles market data and prediction models—suggest a potential move into the $100–$125 range by month-end. These projections are partly based on an emerging inverse head-and-shoulders formation—a pattern that often signals trend reversals. However, it traditionally requires confirmation through a breakout supported by stronger volume, which Litecoin has not yet demonstrated on the daily chart.
Daily Chart: BTC Influence Drives LTC’s Short-Term Direction
Litecoin’s daily close on November 16 reflected mild bearish pressure around $99.94, followed by a slide toward $96.50 the next day. A key driver was Bitcoin’s subdued movement near $95,320, reinforcing the strong correlation between the two assets.
The daily chart outlines two crucial levels for short-term traders:
Resistance: $101.50
Support: $91.50
These zones are notable because previous intraday candles show frequent interaction around both levels, suggesting they remain active decision points for market participants.
Litecoin ($LTC) closed bearish today, with intraday volatility expected tomorrow as Bitcoin’s movement likely guides the next direction. Source: @cryptoWZRD_ via X
Analysts expecting Litecoin to revisit the $125–$140 region in late November generally emphasize two conditions: Bitcoin must maintain relative stability, and Litecoin must avoid sustained closes below $96. A deeper breakdown would weaken current setups and could invalidate several near-term bullish Litecoin price prediction models.
For those tracking Litecoin price prediction today, monitoring how LTC behaves between these support and resistance brackets may offer early clues about directional bias.
Analyst Targets: Could Litecoin Eventually Reach $650?
Several independent analysts have offered varying long-term views on Litecoin’s potential.Market analyst Knight, who frequently publishes cycle-based models, suggested that LTC might retest the $400 area under highly favorable market conditions. If achieved, this would surpass Litecoin’s prior all-time high of $386.45 from 2021.
Litecoin was trading at around $96.97, down 4.55% in the last 24 hours. Source: Brave New Coin
Flowstate Trading presented a more conservative projection, identifying $140 as a potential target if broader crypto sentiment strengthens. This aligns with several established Litecoin projections that emphasize gradual, rather than exponential, growth.
The more aggressive $650 target—popularized on social media—should be treated as a speculative long-tail scenario. Achieving such a level would require multiple confirmations, including:
A decisive multi-week breakout above long-standing resistance
A strong Bitcoin cycle with sustained liquidity inflows
Increased market rotation into legacy altcoins
Elevated volume confirming structural trend changes
Analysts emphasize that Litecoin has not yet met these benchmarks. As a result, high-end targets above $400 remain speculative until LTC can hold several weekly closes above major resistance zones—something it has not done since the 2021 bull run.