At the beginning of July, a potential bullish setup in Litecoin was identified, contingent upon a specific condition: a decisive close above the final resistance zone on the daily timeframe, which had previously capped upward momentum. This condition was subsequently met, triggering a breakout.

Since then, Litecoin has gained over 30%. A minor corrective pullback has emerged in recent days, potentially offering a secondary opportunity—either for reinforcing existing long positions or for those who did not participate in the initial breakout.

Litecoin technical analysis

LTCUSD - 1 Day Time Frame

From a technical standpoint, recent price action appears constructive. Shortly after the breakout, Litecoin advanced sharply, clearing liquidity via Stop Loss orders located above the May high. In such scenarios, price behavior following a liquidity sweep becomes especially relevant. In this case, a bearish correction has developed, but it has been notably slower than the preceding bullish impulse—an indication of continued bullish momentum.

Litecoin price target

Turning attention to the entry setup, it is worth noting that the recent pullback swept Sell-Side Liquidity. This may create renewed opportunities for commercial market participants to initiate long positions. Such liquidity zones often contain clustered Sell Stop orders, which can act as counterparties to institutional buy interest.

As with the initial move, it is essential to monitor how price develops following the liquidity grab.

A key condition remains: the need for a confirmed daily candle close above the designated resistance zone. If this occurs, the next target could be the Buy-Side Liquidity area, aligning with a broader resistance level and the psychological threshold of $200, last visited in 2021.

Conversely, a reasonable placement for a protective Stop Loss may be below the internal low currently forming within the ongoing correction.