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<p>In a recent tweet, notable <a href="https://twitter.com/tonythebullBTC/status/1763210108245311733?t=CV7ll0mStqFO9EOXxjdhGA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst Tony “The Bull” (@tonythebullBTC)</a> suggested that Litecoin (LTC) may be on the verge of a major bullish breakout. Tony pointed to several key factors that support this view:</p>
<p><strong>The Monthly Support Level</strong></p>
<p>First, Litecoin has held support above a certain price level for almost seven full years. This demonstrates that there is significant long-term buying demand around this area, making it an important floor for the price.</p>
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<p><strong>The Bullish LMACD Cross</strong></p>
<p>Additionally, Tony notes that Litecoin’s monthly LMACD (Moving Average Convergence Divergence) indicator is crossing bullish. The LMACD crossing bullish indicates building upside momentum, which could foreshadow further gains.</p>
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<p><strong>The Descending Trendline</strong></p>
<p>Finally, Litecoin appears poised to break out above a long-term descending trendline. According to Tony, a decisive break above this trendline could signal that the bears are losing control and the bulls are ready to push the price higher.</p>
<p>In summary, with long-term support holding strong, bullish momentum building, and a key technical breakout imminent, Tony believes Litecoin is setting up for a renewed price surge. The $82 resistance zone remains the initial target to break, but Tony expects much more significant gains if LTC can close decisively above this descending trendline.</p>
<p>You may also be interested in:</p>
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 <li><a href="https://captainaltcoin.com/bitcoins-btc-rally-ushers-in-the-altcoin-era-ethereum-eth-solana-sol-and-more-set-to-soar-experts-highlight-these-key-metrics/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s (BTC) Rally Ushers in the Altcoin Era: Ethereum (ETH), Solana (SOL), and More Set to Soar – Experts Highlight These Key Metrics</a></li>
 <li><a href="https://captainaltcoin.com/market-skepticism-within-chainlink-link-sees-more-litecoin-ltc-holders-rushing-into-pushd-pushd-presale/" target="_blank" rel="noopener noreferrer nofollow">Market skepticism within Chainlink (LINK) sees more Litecoin (LTC) holders rushing into Pushd (PUSHD) presale</a></li>
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<p>The post <a href="https://captainaltcoin.com/litecoins-7-year-support-holds-key-indicator-turns-bullish-one-key-breakout-needed-for-bulls-to-start-shinning/" rel="noopener noreferrer nofollow">Litecoin’s 7-Year Support Holds; Key Indicator Turns Bullish: One Key Breakout Needed for Bulls to Start Shinning</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Litecoin’s 7-Year Support Holds; Key Indicator Turns Bullish: One Key Breakout Needed for Bulls to Start Shinning

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