- Litecoin has gained strong double-digit returns today, extending its monthly rally to an impressive 42% as the broader crypto market recovers from recent declines.
- LTC is forming a Bearish Crab harmonic pattern on the daily chart, with the final CD leg currently in motion after bottoming around $76.17.
- The harmonic pattern suggests potential upside to $187.81, representing a possible 52% gain from current levels near $123.36.
- For the bullish scenario to remain valid, LTC must hold above its 200-day moving average, which could serve as a springboard for further gains.
Date: Tue, Aug 05, 2025 | 05:58 AM GMT
The cryptocurrency market is making a slight recovery from the latest sharp decline as the price of Ethereum (ETH) has rebounded to $3657 from its recent low of $3357. Following this bounce, several notable altcoins are starting to move higher — including Litecoin (LTC).
LTC has returned to the green zone today with strong double-digit gains, extending its monthly rally to an impressive 42%. Its chart is now showing the emergence of a significant harmonic pattern, pointing toward a possible continuation of its upward trend.
Harmonic Pattern in Play
On the daily chart, LTC is forming a Bearish Crab harmonic pattern — a structure which, despite its bearish label, often precedes strong bullish advances during its CD leg. This final upward leg is currently in motion.
The pattern started at point X near $140.17, dropped to point A, rallied to point B, and then declined again to point C around $76.17. After bottoming at C, LTC regained bullish momentum, reclaiming the 200-day moving average and currently trading near $123.36.
According to harmonic trading principles, the CD leg could carry LTC toward the Potential Reversal Zone (PRZ) around $187.81, aligning with the 1.618 Fibonacci extension of the XA leg. If achieved, this would mean a potential 52% upside from current levels.
What’s Next for LTC?
For this bullish scenario to remain intact, LTC must continue holding above the 200-day moving average. Maintaining this support could serve as a springboard for further gains, potentially accelerating the move toward the $187 area — a zone where traders may anticipate resistance or profit-taking in line with harmonic expectations.
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.
