Peter Smith
⬤ Litecoin now stands at a make-or-break level. A single downward sloping wedge has squeezed the price for seven straight years. On the three week chart the coin just slipped back to the $75-$85 floor after it failed to hold the upper line that started at the 2021 record peak. At $82 the quote rests on the lower edge of that same wedge, a sign that the market has gone nowhere for years.
⬤ A handful of clues lean bullish. The lower wedge line has been touched six times without giving way. Each low sits higher than the depths printed during the 2022-2023 bear phase. The weekly RSI hovers near 45 and the MACD bars have flattened - both readings show that momentum has levelled off even as turnover has dropped to the lowest levels in years.
⬤ If the wedge finally breaks upward the classic measured move points toward $130-$150. A follow through rally could lift the quote to $200-$250 by the middle of 2026. A full cycle extension would open the way to $400 or beyond. A weekly close under $60 would kill the pattern. The timing matters because the wedge is almost out of room - when a multi year triangle compresses this far the outcome is usually a sharp move in one direction.
Peter Smith
