Litecoin Structure Intact, But $63 Remains The Line Bulls Must Defend

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Litecoin is once again at a critical crossroads, with its long-term structure remaining intact after years of successful defenses. However, the margin for error is thin. As price hovers near key levels, $63 has emerged as the line bulls must protect. A break below it could shift momentum sharply, while holding above keeps the broader bullish structure alive and sets the stage for the next decisive move. Structure Gives Way, Expansion Phase Begins Columbus’s latest LTC update highlights that the multi-year compression that previously capped price action has finally resolved, resulting in a clean break of the long-term chart setup. This structural change confirms a shift from a neutral state to a clearly bullish one. Related Reading Here’s Why The Litecoin Price May Be Getting Ready For Another Massive Rally 3 days ago The current price action is described as a pause before expansion rather than the conclusion of the rally. In this phase, Litecoin is holding steady above old resistance levels, allowing the market to load for the next leg of the move, turning previous barriers into new support. Litecoin’s projected path forward is based on the typical behavior of expansion cycles following structural breaks. Source: Chart from Columbus on X The strategy follows a clear three-step progression: the initial breakout , followed by the current phase of acceptance. Once the market fully accepts these new price levels, the “real move” begins, representing a phase where the most significant gains are expected to materialize. The 9-Year Trendline That Still Controls Litecoin Matthew Dixon highlighted the immense historical significance of the Litecoin long-term trend line. This line has acted as an unbreakable floor for nine years, with the price never closing below it. While the market has dipped under this line multiple times in the past, every attempt to break down has ultimately failed, maintaining a remarkably consistent structural defense. Related Reading Litecoin Follows Bitcoin’s Momentum, But Resistance Looms At $79.60 1 month ago Currently, the market environment is putting this nearly decade-long support to the test once again. Dixon emphasizes that we cannot rely on intra-month volatility to determine the outcome. Instead, the definitive signal rests solely on the monthly candle close. This closing price will serve as a macro-economic pivot point that dictates the primary direction for the coming months. A successful hold above the trend line would be a powerful bullish confirmation, suggesting the long-term uptrend remains intact despite external pressures. Conversely, a confirmed close below this line would shift the narrative to bearish, marking a historic breakdown of a nine-year support system. Specific technical triggers are also in play, particularly the $63 level. Dixon warns that falling below $63 would be devastating, as it would effectively nullify the hidden bullish divergence currently supporting the price. Given these risks, Dixon recommends exercising patience until the monthly close or ensuring strict stop losses are in place for any active trades. LTC trading at $68 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com