Litecoin Holds Steady After 69% Surge, Awaits Bitcoin Breakout

Litecoin has been holding steady at a critical level following a strong 69% surge in the past month, driven by the broader market momentum. As Bitcoin approaches its all-time high, analysts are closely monitoring Litecoin for signs of a potential breakout or breakdown. The current price action indicates consolidation near a crucial demand zone, which has historically been a pivot point for Litecoin’s major moves.

While there is growing bullish sentiment across the crypto market, not all analysts are convinced. Some caution that if Bitcoin fails to break into new price territory and the broader market stalls, Litecoin could face renewed selling pressure. However, top analyst Carl Runefelt remains optimistic, suggesting that Litecoin is forming a bullish flag pattern on the chart—a structure that often precedes strong upward continuation.

Runefelt’s analysis points to a potential breakout above the current range, supported by a healthy market structure and recent gains. The coming days will be crucial in determining whether Litecoin follows through with a rally or pulls back. Currently, Litecoin stands at a technical crossroads, with both opportunities and risks on the table.

Litecoin is currently trading at a pivotal level, caught in the middle of growing speculation about the market’s next major move. After a powerful 69% rally over the past month, LTC has entered a phase of consolidation, holding just above a crucial support level. The broader crypto market is in a similar position, with investors watching closely for a potential breakout in Bitcoin that could pull the rest of the market higher.

As Bitcoin hovers just below its all-time high, Litecoin traders are holding their breath. Many believe that a breakout above the $109K mark for BTC could serve as a catalyst for altcoins, especially LTC. However, some analysts expect the market to cool down first, leading to a deeper correction before any renewed upside.

Runefelt is firmly in the bullish camp. He recently shared a technical analysis highlighting a bullish flag pattern forming on Litecoin’s chart. According to Runefelt, Litecoin has already bounced from support, and this setup presents a high-probability breakout scenario. His price target for the move is $117.5, which would mark a significant push higher from current levels.

Runefelt’s view aligns with the broader bullish sentiment that’s slowly rebuilding across the market. However, the confirmation remains dependent on both Litecoin’s ability to break above short-term resistance and Bitcoin’s performance near its all-time high. For now, LTC investors remain cautiously optimistic, aware that momentum could shift quickly depending on macro market developments.

Litecoin (LTC) is currently trading at $95.35, showing resilience after a brief pullback from its recent local high near $106. The chart highlights a period of consolidation, with LTC finding support just above its 200-day exponential moving average (EMA) at $93.82 and slightly below the 200-day simple moving average (SMA) at $100.76. These two moving averages are now acting as a technical pivot zone, creating both resistance and support that could define LTC’s next move.

After a strong rally from April lows around $66, Litecoin surged over 69% before facing resistance at the psychological $100 level. The price is now hovering in a tightening range, which could develop into a bullish continuation pattern—especially if broader market sentiment remains positive and Bitcoin pushes above its all-time high.

Volume has slightly decreased during the recent pullback, indicating a lack of strong selling pressure. This supports the bullish thesis that the current move is a healthy consolidation rather than the start of a reversal. A breakout above the $100.76 resistance would open the door toward the $117.50 target, as mentioned by analysts like Carl Runefelt.