Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back?

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back?

CoinsProbeCoinsProbe2025/05/23 03:00
By:Nilesh Hembade

Date: Wed, May 21, 2025 | 10:40 AM GMT

The cryptocurrency market has mounted a solid comeback in recent weeks, with Bitcoin (BTC) and Ethereum (ETH) continuing to lead the charge. BTC has surged by 21%, while ETH has gained more than 53% in the past month. This bullish momentum is uplifting sentiment across altcoins — including Litecoin (LTC).

LTC has posted monthly gains of over 17%, and now a key breakout is being retested — suggesting that another bounce back might be on the horizon.

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back? image 0 Source: Coinmarketcap

Retesting the Cup and Handle Breakout

On the daily chart, LTC has formed a textbook rounded bottom pattern — a classic bullish setup that typically signals a trend reversal and continuation to the upside.

As shown in the chart, the rounded bottom began forming after LTC was repeatedly rejected from the neckline resistance zone around $95 in late March. This led to a sharp correction of nearly 33%, pushing the price down to a low of around $63.25 by April 7.

Litecoin (LTC) Retesting Bullish Breakout – Can it Make a Bounce Back? image 1 Litecoin (LTC) Daily Chart/Coinsprobe (Source: Tradingview)

Since then, LTC has rallied over 50%, climbing steadily to break out above the neckline resistance at $95, confirming a bullish breakout. The breakout sent LTC soaring to a recent high of $106.91, before some profit-taking kicked in — causing a pullback of nearly 11%.

Currently, LTC is retesting the breakout zone between $92 and $95, a critical support area that previously acted as resistance.

What’s Next for LTC?

In this ongoing retest, LTC is showing promising signs of holding the support zone. If bulls successfully defend this level and push price action higher on strong volume, the uptrend could resume.

A decisive bounce here could confirm the breakout’s strength and set the stage for a continuation move. If LTC reclaims and surpasses the recent local high of $106, the next leg up could unfold swiftly.

Based on the measured move from the height of the rounded bottom formation, the next technical target lies between $127 and $130 — a potential 37% upside from current levels.

Caution Still Warranted

While the setup looks bullish, traders should remain cautious. LTC’s next major move could still be heavily influenced by broader market conditions, especially Ethereum’s momentum. If ETH continues to rally, altcoins like LTC may see renewed demand.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mars Morning News | The Federal Reserve is expected to cut interest rates on Wednesday, S&P Global assigns a "B-" credit rating to Strategy

S&P Global has assigned a "B-" credit rating to bitcoin treasury company Strategy, classifying it as junk debt but with a stable outlook. The Federal Reserve is expected to cut interest rates by 25 basis points, with a possible split in the voting. The Hong Kong Securities and Futures Commission has launched a tender for a virtual asset trading monitoring system. Citi is partnering with Coinbase to explore stablecoin payment solutions. ZEC surged significantly due to halving and privacy topics. Summary generated by Mars AI. The accuracy and completeness of this summary are still being refined and updated by the Mars AI model.

MarsBit2025/10/28 23:06
Mars Morning News | The Federal Reserve is expected to cut interest rates on Wednesday, S&P Global assigns a "B-" credit rating to Strategy

BTC Volatility Review (October 6 - October 27)

Key indicators (4:00 PM Hong Kong time on October 6 -> 4:00 PM Hong Kong time on October 27): BTC/USD -6.4...

SignalPlus2025/10/28 22:41
BTC Volatility Review (October 6 - October 27)

2025 Trading Guide: Three Essential Trading Categories and Strategies Every Trader Must Know

Clearly identify the type of transaction you are participating in and make corresponding adjustments.

深潮2025/10/28 22:06