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Litecoin Surges to $92.73 With MACD Crossover and 2.82M Volume At Apex
Litecoin is moving near $95 with strong volume and price action compressing at the triangle apex.
MACD has now crossed the zero line and this pattern matched major upward moves in earlier cycles.
The chart shows a 7-year triangle with price rising steadily and momentum returning on monthly signals.
Litecoin (LTC) is trading at $92.73 and approaching a multi-year triangle apex, signaling a potential breakout with growing volume. The MACD lines are crossing at the zero level, hinting at a shift in long-term momentum. The chart, based on the VANTAGE LTC/USD pair, shows a sharp increase in volume near the breakout point.
Technical Setup Suggests Compression Near Long-Term Resistance
The monthly chart shows Litecoin moving within a tightening triangle since its all-time high near $400. The upper descending trendline and lower rising support line now converge, forming a classic symmetrical triangle. Price action remains compressed, with LTC fluctuating between $87.78 and $92.73 in recent sessions.
Volume has surged near the triangle apex, reaching 2.82 million units on the VANTAGE chart. While this may reflect exchange-specific activity, it still marks a notable development in current market structure. Analyst Tony “The Bull” observed this volume spike and pointed to potential misrepresentation across platforms.
The chart’s clean structure highlights multiple historical touches on both resistance and support lines. Since 2018, each rally has failed near descending resistance, while higher lows have developed consistently. The structure’s maturity and volume burst signal that a major move could be forming soon.
MACD Zero Line Cross May Signal Long-Term Momentum Shift
The lower section of the chart displays the long-term MACD (12, 26, 9) with histogram bars and signal lines. The blue MACD line is crossing above the orange signal line right at the zero level. Historically, this crossover at the zero line has triggered long-term bullish trends for LTC.
Black arrows highlight similar MACD behavior during past cycles. The 2017 crossover preceded Litecoin's surge above $300. Another bullish crossover formed in 2020 before a move to over $400. These signals show that zero-line convergence may act as a reliable momentum indicator.
The histogram, which turned green, supports the idea that bullish momentum is gradually returning. Although MACD is a lagging indicator, its movement above the zero mark suggests positive trend formation. Investors often view this signal as a long-term confirmation rather than a short-term alert.
The convergence of MACD signals and price compression near major trendlines builds a case for an imminent directional breakout. The monthly timeframe adds significance to this pattern, as such signals tend to reflect sustained movements rather than short spikes.
Can Litecoin Break the Triangle and Start a New Rally?
The triangle has defined Litecoin’s structure since 2018, acting as both resistance and support for multiple failed breakouts. Now, with price closing in on the apex and volume rising, traders are watching for a breakout above the triangle’s upper boundary near $95.
Tony “The Bull” clarified that the large volume spike may only be showing on the VANTAGE exchange. Despite that, the appearance of volume at this technical point adds to breakout expectations. His observation comes as momentum indicators align with historical bullish precedents.
The triangle’s narrowing range leaves little room for sideways movement. A confirmed break above the trendline could open a path toward previous highs. The convergence of rising volume, MACD alignment, and technical compression raises a crucial question—will Litecoin reclaim three-digit prices after years of consolidation?