Image by Eivind Pedersen from Pixabay 
 

Hello Crypto traders! Today we want to update Litecoin with ticker LTCUSD, which is moving nicely as expected since the last update on May 30, when we spotted nice and clean bullish setup formation. Click here.

We actually got nice and clean five-wave recovery back to 100 in the 4-hour chart, which confirms support in place and bullish reversal. So, it can be a higher degree wave (1), and we should be aware of more upside for a higher degree wave (3) after recent projected complex W-X-Y correction in wave (2) that stopped at strong projected support zone.

LTCUSD 4H Chart

As you can see today on July 14, it's now nicely bouncing and recovering back above channel resistance line, so after recent bullish setup formation with waves 1 and 2, we can now see it breaking 94 bullish confirmation level that can be an ongoing wave 3 of (3) of a five-wave bullish impulse. We may easily see further rally back to May highs, especially if breaks above base channel upper line, just be aware of short-term pullbacks.

LTCUSD Daily Chart

A bigger picture shows that Litecoin is recovering very nicely and strongly, and we should be aware of a bullish continuation if we consider that on a daily chart, the coin might have formed a bullish setup formation with five waves up followed by an ABC corrective setback.

LTCN Weekly Chart

We also decided to share a weekly chart of GrayScale Litecoin Trust with ticker LTCN, which also suggests higher levels for Litecoin. After recent projected deep and complex W-X-Y correction, it's now trying to wake up from the strong support. If breaks above channel resistance line, it can easily etxend the Litecoin rally, especially if breaks above 24 bullish confirmation level and if we consider that LTCN has plenty of room to 55-60 area.

For more analysis like this, you may want to join our live webinar today on Monday July 14 2025 @ 15.00CET: Direct Link

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