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Litecoin’s Multi-Month Correction: Signs of a Bullish Reversal Emerging

Litecoin (LTC) has been navigating a prolonged corrective phase since December 2024, but recent technical analysis suggests that the cryptocurrency may be on the verge of a significant breakout. After months of bearish pressure, Litecoin’s price action is beginning to show signs of recovery, supported by key indicators such as Fibonacci retracement levels, Elliott Wave patterns, and bullish RSI divergences.

The Corrective Phase: A Closer Look

Litecoin entered a WXYXZ corrective structure following its five-wave impulse that peaked near $146 on December 5, 2024. This complex correction found temporary support at $82—slightly below the 0.618 Fibonacci retracement level—which held firm despite multiple tests. Analysts believe this level marked the end of wave Z, culminating in a final C wave that may signal the conclusion of the broader retracement phase.

Key technical indicators have begun to shift:

  • Bullish RSI Divergence: Since March 31, Litecoin’s Relative Strength Index (RSI) has formed higher lows while the price made new local lows. This divergence often signals bearish exhaustion and a potential trend reversal.
  • Descending Trendline: Litecoin is attempting to reclaim the descending trendline drawn from February highs, which aligns closely with the 0.618 Fibonacci level at $86.86. A breakout above this confluence would validate the assumption that wave Z has ended.

Current Price Action and Forecasts

As of April 2, 2025, Litecoin is trading at $100.41 after rebounding from key support levels. Analysts are optimistic about its short-term prospects:

  1. Wave (iii) Targets: If wave (iii) confirms, Litecoin could accelerate toward $92.00 (1.272 Fib) and $98.15 (1.618 Fib). A modest retracement in wave (iv) would likely precede wave (v), which could complete the sequence around $100.
  2. Bullish Momentum: Sustained bullish momentum could push LTC toward higher resistance levels at $113–$150 later in April, according to Changelly’s forecasts.
  3. Bearish Scenario: On the downside, failure to hold $81 support would suggest that wave Z is incomplete, potentially driving Litecoin toward $70.79 (0.786 Fib).

Long-Term Outlook

Beyond April, analysts are divided on Litecoin’s trajectory for 2025:

  • Optimistic Projections: Some forecasts suggest LTC could reach $150–$200 by year-end if market conditions improve and Bitcoin continues its bullish trend.
  • Cautious Views: Others predict that Litecoin may trade within a narrower range of $90–$115 for most of the year due to lingering bearish sentiment.

Conclusion

Litecoin’s multi-month corrective phase appears to be nearing its end as technical indicators point to a potential bullish reversal. While risks remain—such as failure to break key resistance levels—the outlook for LTC in April 2025 is increasingly positive.

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