Litecoin (LTC) is at a pivotal technical juncture, with its price hovering around $59.20 and testing a decade-long ascending trendline that currently sits at the $63 level. Classical chartist Aksel Kibar, who recently received endorsement from legendary trader Peter Brandt, has identified this as a "last chance" zone for the cryptocurrency. Kibar warns that if LTC fails to hold this critical support, the entire bullish structure could collapse.
The analysis points to a long-term chart pattern where Litecoin's entire post-2021 decline has unfolded within a parallel channel, forming a textbook accumulation base with peaks near $147. A decisive breakout from this channel could project the price toward $400, a level not seen since the peak of the 2021 bull cycle. However, the thesis completely falls apart if the price dips below $47, which would signal structural failure and potential decay.
Current market dynamics show Litecoin trading with indecisive momentum, particularly evident on the LTC/BTC daily chart which shows an indecisive candle close. The asset faces immediate resistance at $71.30, with a break above this level potentially opening a path toward $80 in the short term. On the intraday timeframe, LTC is trading within a volatile range between $64.00 and $71.30, with essential support around $65.00 against USDT pairs.
Long-term projections present an optimistic narrative, with forecast models from 2026 to 2032 outlining a sharply rising curve. These projections suggest average price estimates could accelerate sharply after 2028, placing Litecoin in the $500 to $600 range by 2029-2030, with maximum scenarios for 2031-2032 exceeding $1,200. Market observers emphasize these projections rely on broader market expansion and steady adoption rather than near-term speculation.
The endorsement from Peter Brandt, who called Kibar his "#1 chartist right now," adds credibility to the technical analysis. Brandt himself has recently commented on Bitcoin's trajectory, suggesting $58,000 as the next stop for BTC. Litecoin's price direction remains closely tied to broader Bitcoin sentiment, with analysts noting that confirmation above resistance levels is required before aggressive positioning can resume.
