Date: Wed, July 16, 2025 | 09:16 AM GMT
The cryptocurrency market remains deep in bullish territory, with Ethereum (ETH) leading the charge — gaining 21% over the past week and now approaching the $3,175 mark. This strength is spilling over into major altcoins, and Litecoin (LTC) is beginning to show promising signs of a potential rally.
LTC has risen by 10% over the last seven days, but what’s drawing even more attention now is the emergence of a classic harmonic pattern — one that may suggest much larger gains ahead.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, LTC is forming a Bearish Crab harmonic pattern, which, despite its name, typically forecasts strong bullish moves during the CD leg — the final part of the structure that is currently in play.
The pattern began at point X near $140.17, dropped sharply to point A, rebounded to point B, and then dipped again to point C around $76.17. Since bottoming out, LTC has turned upward and is now trading near $96.65, just below the 200-day moving average at $97.54, a critical resistance level.
According to harmonic theory, the final leg from point C to D could push LTC into the Potential Reversal Zone (PRZ) near $187.81, which represents the 1.618 Fibonacci extension of the XA leg. That would represent a 95% upside from current levels if the pattern plays out fully.
What’s Next for LTC?
To keep the bullish setup intact, LTC must break and close above the 200-day MA with strong volume. A successful breakout could act as a catalyst for further upward momentum, possibly accelerating the rally toward the $187 zone — where traders might expect some resistance or profit-taking based on the harmonic pattern’s structure.
On the downside, the 100-day moving average at $88 will act as key support. A sustained move below that level could invalidate the pattern and open the door to renewed bearish pressure.
With the broader market showing strong momentum and Litecoin now aligning with a technically reliable pattern, the next few sessions could be pivotal.
Disclaimer: This article is for informational purposes only and reflects the author’s personal views. It should not be considered financial advice. Always do your own research before making any investment decisions.