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.
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.
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.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
