Litecoin’s Key Indicator Just Shattered a Major Threshold — History Says Brace for Impact

Litecoin's latest metric breakout just flipped the script—and past patterns hint at fireworks ahead.

When this signal last crossed, LTC went on a tear. Now traders are scrambling to decode the implications.

The 'digital silver' is flashing its most bullish signal since the last cycle's parabolic rally. Will history rhyme—or is the market setting up another 'buy the rumor, sell the news' special?

(Wall Street analysts remain predictably divided—somewhere between 'this changes everything' and 'just another crypto pump'.)

LTC Price Soared 11,900% Last Time This Happened 

In a July 26 post on the X platform, Chartered Market Technician (CMT) Tony Severino put forward an exciting prognosis for the price of Litecoin. According to the crypto expert, the altcoin appears on the verge of what might be a defining upward run in the coming months.

This projection is based on the recent movements of the Litecoin Average Directional Index (ADX) on the monthly timeframe. Average Directional Index is an indicator used in technical analysis to determine the strength of an asset’s price trend.

The ADX indicator evaluates the strength of a price trend by measuring the degree of directional movement. These calculations are based on a moving average of price range expansion and contraction within a given timeframe.

Typically, when the Average Directional Index is below 20, it implies that the market is consolidating or moving sideways. However, when ADX moves between 20 and 25, it signals that a trend might be forming for the asset. Meanwhile, when the ADX rises above 25, it confirms the formation of a strong trend.

Severino noted that the Average Directional Index on the Litecoin monthly timeframe is now above 20, meaning that a trend is forming. Meanwhile, the positive Directional Indicator (DI+) found a support cushion at the ADX line and is now rising.

This trend is similar to the one seen in 2017, where the ADX also crossed above the 20 mark and offered support to the DI+ (green line). This phenomenon was followed by a rally that saw the Litecoin price travel from around $3 to as high as $360 (an astounding 11,900% rally).

Hence, the price of Litecoin could confirm the start of a strong rally if the ADX keeps rising and eventually sustainably breaches the 25 threshold

Litecoin Price At A Glance

As of this writing, the price of LTC stands at around $114.61, reflecting an over 1% increase in the past 24 hours.