In the grand theatre of the cryptocurrency world, where the drama is as thick as a troll’s underarm and as unpredictable as a squirrel on espresso, many coins have taken center stage, flexing their muscles. Yet, Litecoin, that quiet little fellow, has chosen to play the part of a wallflower at the ball. After a rather spirited jig above $125 in the midst of July, it’s now doing the slow fade, slipping down to around $110. A touch dramatic, perhaps, but not quite enough to earn a leading role in a tragedy.
But wait! A mysterious signal has reemerged on the monthly chart—could this be a sign, or just the universe’s way of teasing us? Some whisper it’s the calm before the financial storm named Litecoin, and they might just be onto something!
Tony “The Bull” Points To Familiar 2017 Trend
Enter Tony “The Bull” Severino, our crypto guru with more insight than a conspiracy theorist at a UFO convention. He’s noticed that Litecoin’s Average Directional Index (that’s ADX for you non-mathletes) has performed a little bounce on the 20 level again. Now, this could just be your average Tuesday… or it could be protocol for a trend explosion, akin to how a cat reacts when it’s about to knock over a priceless vase.
Specifically, our dear Tony spotted a resemblance between this current ADX signal and the one from 2017 when Litecoin shot up from a measly $3.5. Yes, the bullish indicator +DI (that’s the green line, if you’re keeping score at home), is embarking on a little upward journey after nosediving, much like a daredevil on a roller coaster who forgot to sign the waiver.
Now, during the 2020 economic shindig, when the ADX was playing hide and seek below 20, Litecoin’s rallies were about as exciting as watching paint dry. But now, with the ADX and +DI ready to tango, things could be about to change, like the plot twist in a late-night horror movie.
Chart Pattern Shows Multi-Year Price Squeeze
The Litecoin monthly candlestick chart is no ordinary piece of art; it’s a complex tapestry of price movements that resembles the last few minutes of a good British comedy—confusing yet captivating! As we can see from the aforementioned chart, Litecoin has been squished into a long-term symmetrical triangle, wedged between downward-sloping resistance and an upward-pushing support level since its all-time high in 2021. Talk about a price squeeze! It’s like the last sausage at a barbecue when everyone’s trying to grab it!
When these fickle chart patterns finally break free after their years of tension, expect fireworks (preferably the safe kind). If this tightrope walk of price compression links up with the rising trend strength of the ADX, it’s bound to be a spectacle worthy of the grandest potion-brewing ceremonies. We might just witness a repeat of that exhilarating 2017 breakout!
So, if history is anything to go by, Litecoin could be precariously perched on the edge of a hefty upward leap. Right now, the price to watch, the gold star in this drama, is $130—breaking above that mark could set the stage for a triumphant finale.
As I type this, Litecoin is priced at $110, having taken a slight drop of 3.7% in the last 24 hours. One might even say it’s just taking a breather—like most of us after a night out on the town.
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2025-07-30 00:23