Litecoin price flashes bullish breakout signal as it holds above $86
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Litecoin is beginning to attract serious attention once again as its price action shows early signs of a potential breakout, defying the broader market’s cautious tone.
While the altcoin has traded quietly below $100 for much of the past year, it is now holding steady above the $86 level — a significant technical zone that traders are closely monitoring.
After tapping resistance at around $88 earlier this week, Litecoin pulled back slightly to near $85.56 but has since reclaimed its position above $86.
This ongoing stability above a key support zone is adding strength to the bullish case, particularly as the cryptocurrency inches closer to forming a rare and historically powerful technical pattern.
Golden cross on the horizon
What makes the current setup particularly intriguing is the looming Golden Cross formation on Litecoin’s weekly chart.
This technical event, which occurs when the 50-week moving average crosses above the 200-week moving average, has only appeared twice in Litecoin’s history, both times preceding massive rallies.
Back in 2017, the Golden Cross came after a 700% surge in LTC’s price, while in 2021, the same pattern was followed by a 450% rally.
Analysts now suggest that a similar rally could be underway, especially since historical data shows the bulk of price movement occurred before the Golden Cross was officially confirmed.
Crypto market expert Tony “The Bull” Severino believes that a sizable rally from current levels could not only reignite momentum but also trigger the cross itself, reinforcing bullish sentiment.
Technical conditions aligning for a major breakout
Currently, Litecoin’s price sits at approximately $86.10, just shy of its 24-hour high of $88.36, while continuing to trade within a narrow but significant range.
Market watchers are paying close attention to the $85–$88 zone on the 4-hour chart, where a clean breakout and successful retest could fuel a move toward $112, a potential 40% gain from current prices.
At the same time, MACD indicators are cooling off slightly, suggesting the market may be entering a short consolidation phase before attempting another upward push.
Whether this slowdown represents a healthy pause or a potential fakeout remains to be seen, but momentum remains on the bulls’ side as long as LTC holds above $85.
The cryptocurrency has already gained around 5% over the past week and remains up 16% over the past year, reinforcing the notion of a slow-building accumulation trend.
Market fundamentals are in support of the bullish setup
Litecoin’s current market capitalisation stands at just over $6.54 billion, with trading volume in the last 24 hours surpassing $295 million.
Its circulating supply hovers near 76 million tokens, and with a hard cap of 84 million, the asset remains one of the more established and constrained altcoins on the market.
Moreover, the backdrop of increasing Bitcoin dominance and recent price rejections for altcoins elsewhere makes Litecoin’s stability all the more notable.
If buyers continue to absorb sell pressure near the $85 support, it could validate a broader bullish scenario going into the second half of 2025.
In the meantime, traders will likely continue watching whether the $88 barrier is overcome with conviction, and if so, how quickly momentum carries the altcoin toward the psychologically significant $100 level and beyond.
The post Litecoin price flashes bullish breakout signal as it holds above $86 appeared first on Invezz
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