Litecoin’s Rare Bullish Signal Flashes: $100 Surge Incoming?
Litecoin (LTC) just triggered a technical pattern seen only a handful of times in its history—and each instance preceded a major rally. The ’silver to Bitcoin’s gold’ now eyes a potential breakout toward triple digits.
Meanwhile, Solana (SOL) hits another milestone with 24.2M active addresses, but the real chatter surrounds Ruvi AI (RUVI). Some analysts claim this altcoin could turn $500 into $100K during the next alt season—a prediction that’d make even 2017 ICO hype beasts blush.
As always in crypto: patterns suggest gains, but only the market gets to say who’s a prophet and who’s just drawing lines on a chart.
Litecoin price technical analysis
The daily chart shows that Litecoin has rallied from its April bottom of $63.15 to around $90. It has climbed above the 61.8% Fibonacci retracement level at $87 and the 50-day Exponential Moving Average — both signs of bullish momentum.
More importantly, LTC has formed an inverse head and shoulders pattern, a classic reversal formation. The head is at $63, with the shoulders NEAR $83.
Litecoin has also moved above a key pivot-reversal level on the Murrey Math Lines tool at $87.50. Additionally, the Awesome Oscillator has crossed above the zero line, further indicating increasing momentum.
