Date: Sat, July 05, 2025 | 03:10 PM GMT
As Q3 begins, the cryptocurrency market continues to build on its bullish momentum from Q2. Ethereum (ETH), the market leader, has climbed over 3.80% in the past week and is now trading near $2,515. This positive sentiment has spilled over into the major altcoins— and Litecoin (LTC) is showing signs of preparing for its next major move.
While LTC has seen a modest rise in recent days, its current technical formation suggests a potential bullish continuation — provided one key condition holds.
Retesting Descending Channel Breakout
According to the latest analysis by crypto strategist Jit Amberly, Litecoin is currently retesting a breakout from a descending channel on the 12-hour chart — a pattern that often marks the end of a downtrend and the beginning of a new bullish phase.
Earlier this week, LTC broke out above the descending resistance line, clearing the 50-day moving average in the process. That move pushed the price to a local high of $92.29, marking a significant short-term breakout.
But rather than charging higher immediately, Litecoin has now pulled back toward the $86–$85 zone, testing both the breakout trendline and the 50-day MA from the top. This behavior is typical in technical analysis — known as a retest — and is often seen as a healthy sign that the breakout is being validated.
What’s Next for LTC?
If this retest holds and LTC finds strong support above the breakout zone, the bulls could take control again and drive the price higher. Upside targets to watch include: $92, $99 and $106.
The confirmation of this bullish scenario would require a bounce from the current zone with increased volume and reclaiming momentum above $92.
However, if the retest fails and LTC slips back into the channel, it could invalidate the breakout, leading to a potential drop toward support zones near $82 and $76.
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