Litecoin Price Prediction: Technical indicators show LTC is expected to pump 900% to break historical highs.

Litecoin (LTC) price has recently surged strongly, continuously breaking through the $100 and $110 barriers. According to encryption technical analyst Tony Severino, LTC is brewing a multi-year technical breakthrough that could trigger a big pump of over 900%, potentially hitting its ATH of $410.

Litecoin strongly rebounds back to the 100 USD mark

In the recovery of the altcoin market over the past few weeks, Litecoin has stood out particularly. In the third week of July, the LTC price surpassed the $100 mark again and broke through $110 on Saturday, July 19, reaching a new high since mid-May, showcasing strong upward momentum.

Investor sentiment is rapidly recovering, and the price momentum also indicates that the pump of Litecoin may have just begun.

Technical chart points to a potential 900% big pump space

Famous market technical analyst and CMT certified expert Tony Severino stated on platform X that Litecoin is at the end of a "multi-year symmetrical triangle convergence" pattern, which indicates a potential explosive breakout may be imminent.

The symmetrical triangle is a classic technical pattern. After the price gradually converges, it will choose to break out either upwards or downwards. Typically, this type of pattern is a continuation pattern, meaning that under the premise of a previous upward trend, the price is likely to continue the upward trend after breaking out.

Severino pointed out that based on the measurement target method of triangles, once Litecoin effectively breaks through the upper boundary of this pattern, it is theoretically expected to rise by more than 900% and challenge the ATH of 410 USD.

Key resistance levels will determine the mid-term trend of LTC

Currently, LTC has broken through 110 USD. If the subsequent trading volume continues to expand and the price breaks above the upper boundary of the triangle, it may initiate a large-scale pump. However, if the breakout fails or market sentiment weakens, LTC may face a short-term correction.

The breakthrough or not of this key technical pattern will determine the main direction of Litecoin in the coming months. For bulls, the short-term focus is on confirming the breakout in the 115-120 USD range, while the mid-term targets are above 150 USD.

Conclusion: Litecoin shows strong upward momentum under the resonance of technical graphics and market sentiment. Investors should pay attention to key resistance breakthroughs and volume coordination. If the symmetrical triangle successfully breaks out, LTC may usher in a rare large-scale rise, making it one of the encrypted assets worth closely monitoring.