Litecoin Nears Historic Third Golden Cross in Weeks — Here’s Why It Matters

Litecoin’s chart is flashing a rare bullish signal—one that’s only appeared twice before in its history. The third-ever golden cross could hit within weeks, sparking fresh momentum for the silver-to-Bitcoin’s-gold.

Why traders are watching the 50/200 DMA crossover

When Litecoin’s 50-day moving average punches above its 200-day counterpart, it’s not just technical voodoo. Past golden crosses preceded major rallies—including the 2021 run-up that saw LTC briefly touch $400. This time? The pattern’s forming against a backdrop of institutional crypto FOMO and PayPal’s stablecoin push.

The cynical take: Wall Street’s latecomers will call it ‘discovery’ when retail already knew. But for now, the charts say buckle up.

How Much LTC Price Surged After First Two Golden Crosses

In a recent post on the X platform, Chartered Market Technician Tony Severino shared an exciting analysis of the Litecoin price. According to the crypto expert, the price of LTC could embark on an explosive rally depending on its movement over the next few weeks.

This bullish projection is based on the potential formation of a Golden Cross — the third ever — on the Litecoin weekly chart. In a crypto context, a Golden Cross occurs when a short-term moving average (50-week moving average, in this case) crosses above a longer-term moving average (200-week moving average).

Typically, Golden Cross formations often precede and are associated with extended periods of bullish price movements. However, Severino believes that Litecoin is just weeks of a significant rally away from triggering its third-ever Golden Cross on the weekly price chart.

Severino cited the earlier two situations where the Golden Cross occurred after a substantial price rally. In the first instance, this chart phenomenon appeared on the Litecoin weekly timeframe after a 700% surge from the local lows in 2017. Meanwhile, the LTC rallied by 450% from its local bottom before the second-ever Golden Cross in 2021.

For each time the Golden Cross appeared on the chart, the price of Litecoin witnessed a significant bullish momentum. In 2017, the LTC price soared by 7,100% from around $5 to as high as $360. The altcoin jumped by more than 380% to reach its current all-time high of $410 after the Golden Cross formation in 2021.

If the Golden Cross does occur and history is anything to go by, the Litecoin price could be preparing to reach a new all-time high in its next leg up.

Litecoin Price At A Glance

As of this writing, the price of LTC stands at around $86.26, reflecting a 1.7% increase in the past 24 hours. According to CoinGecko data, the altcoin is up by more than 7% in the last seven days.