Now, the price is sitting near the lower border of the formation, around $55-$45. This area is important because it has always attracted buyers, and Litecoin has never traded below this level since August 2020.
Carter noted that Litecoin is attempting to bounce from this lower border, with bulls stepping in as trading volume begins to increase.If this level continues to hold, it would strengthen the case that there is a return to bullish momentum.
The Five Major Levels On The Path HigherIf Litecoin sustains a bounce from the triangle’s base, then there is a sequence of important resistance levels that could shape the recovery. Carter noted various upside checkpoints in between and $285 as the ultimate price target.
The next mid-range targets are $115 and the 2025 swing high around $140. A move through these levels would point to a bullish structure where Litecoin returns to price levels not seen since the 2021/2022 cycle. In this case, the price targets are around $180, and the final and most ambitious level on the chart is $285. However, this is still below the long-standing Litecoin all-time high of $410 in May 2021.
