Litecoin Next: Market Research Community Draws Attention to Potential Breakout
Market research community Ultimate Crypto is drawing attention to Litecoin after comparing its long-term price structure with that of XRP and Quant. The comparison shows that while XRP and Quant have already broken above multi-year descending resistance, Litecoin remains compressed inside a similar triangle structure.
The charts suggest that the breakout in XRP and Quant was preceded by years of compression, followed by a major expansion. In the case of XRP, the asset's price pushed above the descending resistance line during the late-2024 rally, resulting in an advance of approximately 742.67% from the lower part of the structure to around $3.0687.
Quant also recently broke through its long-term triangle, with a gain of around 427.92% from the referenced low. The asset currently trades near $282.84, up about 25.8% over 24 hours, with a market cap of approximately $3.41 billion.
Litecoin has not yet produced the equivalent breakout, but remains below the descending upper boundary in its long-term triangle. However, the asset has shown stronger short-term activity, surging about 24% in a single day on September 25 before pulling back from the low-$70 region.