Litecoin approaches a crucial resistance area as long-term compression signals mounting pressure within a multi-year symmetrical triangle pattern.
Short-term Elliott Wave structure shows renewed upward momentum after a completed cycle, suggesting buyers remain active as support levels continue to hold.
Rising market capitalization and stable inflows point to sustained interest, supporting expectations for a possible weekend attempt toward the $110 price zone.
LTC Price remains in focus as current market data shows Litecoin trading near a tight range while testing key resistance areas. Recent moves reflect steady interest, with traders watching for a possible weekend push toward the next psychological barrier.
Multi-Year Structure and Technical Compression
The broader market discussion gained attention after analyst Captain Faibik shared a long-term LTC/USDT chart on social media. His post described a multi-year symmetrical triangle forming since 2018, with price action moving between converging trendlines
This formation shows a long period of compression that often precedes a strong directional move.Recent weekly candles approach the upper boundary of the structure, creating a zone that traders are monitoring closely
The resistance area near the $130–$145 corridor remains unbroken, although the chart suggests rising pressure. The measured range from the base of the pattern positions a possible target above $630 if a breakout occurs.
Source: Tweet on X
Market watchers note that Litecoin remains under resistance, leaving room for a return toward mid-range support if momentum weakens.The current structure signals tightening conditions as the asset moves toward a critical phase.
Short-Term Wave Count and Momentum Shifts
A separate 4-hour LTC/USDT chart attempts to map an Elliott Wave impulse from early November. The pattern shows a five-wave structure with a developing trend that began with a reversal near recent lows
Wave progression presents steady advances supported by short periods of consolidation.Wave (iii) appears to be the strongest portion of the move, marked by persistent buying and reduced retracements.
Source: Tweet on X
The correction labeled as Wave (iv) shows a sideways phase that maintains technical guidelines and avoids overlap. The chart signals that the local high aligns with a completed Wave (v).
A fresh bullish candle is now visible pointing to renewed upward energy as alternate paths remain possible if key support levels lose strength.
Market Capitalization and Weekend Price Outlook
24-hour market capitalization reflects a climb from below $7.4B to above $8.2B which suggests consistent inflows instead of sharp, isolated surges
Early fluctuations appear limited, with quick recoveries setting a stable tone.A mid-session rise pushed valuation beyond previous consolidation levels
After this move, the market cap held in a narrow band, showing balanced activity. The late-period lift above earlier highs suggests steady participation from buyers.
LTC Price currently trades above $100 support while traders track whether momentum can lift the asset toward $110 this weekend.
The post LTC Holds Above $100 Support;Can Bulls Push it Past $110? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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