Date: Mon, May 05, 2025 | 06:35 AM GMT
After a tough start to 2025, the crypto market is finally showing signs of life. Ethereum (ETH) has bounced nearly 30% from its April 7 low, and Litecoin (LTC) isn’t far behind. LTC has surged around 39% from its April bottom of $63.14, now trading at $88 — and optimism is growing, especially with speculation around a potential ETF approval.
But the big question remains: is this a short-term relief rally, or is Litecoin setting up for a major breakout?
Source: Coinmarketcap LTC Chart Mirrors HYPE’s Breakout Fractal
A closer look at the charts tells an intriguing story. When comparing HYPE’s daily chart to Litecoin’s current pattern, the similarities are hard to ignore.
On the left, HYPE had been stuck under a descending resistance for weeks. After finding a bottom at $9.32, it broke out above its 50-day moving average and the trendline resistance. Since then, it’s surged over 35% and currently trades near $20.41 — a textbook bullish breakout.
Now, look at Litecoin on the right. It recently bottomed at $63.14, bounced, and has just broken above the 50-day moving average — right where HYPE was before it took off. This price action mirrors HYPE’s earlier structure almost identically.
What’s Next for Litecoin?
If Litecoin continues to follow HYPE’s fractal path, the next key move would be a breakout above its long-term descending trendline — the final resistance before open skies.
Should this happen, LTC could rally toward the $117 level, similar to HYPE’s post-breakout rally range. Given the improving sentiment in the broader market and the buzz around a Litecoin ETF, the setup is worth watching closely.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
