Litecoin has quietly formed one of the most massive macro structures in the market — a multi-year falling wedge on the 2-week timeframe, now breaking out with early confirmation.
This could be the start of a generational move, similar to the 2020 breakout. Let's break it down:
🧠 Technical Breakdown:
✅ Falling wedge forming since 2021 — 4 years of compression
✅ Volume and structure support breakout
✅ LTC already gave a 914% rally last time it broke a similar level
📏 Target zone extends above $900–$1000
🛒 Entry Zone:
Current Price: $118
🟢 Buy on breakout or dips near $105–$110 for safer entries
🎯 Target Zones:
TP1: $280
TP2: $400
TP3: $650
TP4: $950+
🛑 Stop-loss:
Breakdown below $72 (last higher low & wedge base)
⚖️ Risk-to-Reward:
High timeframe structure = High conviction play.
Potential R:R > 8x — Rare macro opportunities like this don’t come often.
🧩 Final Thoughts:
LTC may not be the flashiest alt anymore, but this setup is technically undeniable. If BTC enters full bull cycle, LTC could ride the wave explosively.
🔥 This could be a "buy and forget" macro play for 6–12 months.
💬 Let me know your thoughts in the comments & hit that ❤️ if you like macro setups like these!
This could be the start of a generational move, similar to the 2020 breakout. Let's break it down:
🧠 Technical Breakdown:
✅ Falling wedge forming since 2021 — 4 years of compression
✅ Volume and structure support breakout
✅ LTC already gave a 914% rally last time it broke a similar level
📏 Target zone extends above $900–$1000
🛒 Entry Zone:
Current Price: $118
🟢 Buy on breakout or dips near $105–$110 for safer entries
🎯 Target Zones:
TP1: $280
TP2: $400
TP3: $650
TP4: $950+
🛑 Stop-loss:
Breakdown below $72 (last higher low & wedge base)
⚖️ Risk-to-Reward:
High timeframe structure = High conviction play.
Potential R:R > 8x — Rare macro opportunities like this don’t come often.
🧩 Final Thoughts:
LTC may not be the flashiest alt anymore, but this setup is technically undeniable. If BTC enters full bull cycle, LTC could ride the wave explosively.
🔥 This could be a "buy and forget" macro play for 6–12 months.
💬 Let me know your thoughts in the comments & hit that ❤️ if you like macro setups like these!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.