Litecoin forms ending diagonal signaling potential breakout toward new highs

2 min

LTC forms ending diagonal on 4H, break above resistance may start new uptrend

Litecoin (LTC) is printing an ending diagonal on the 4H chart. A confirmed move above resistance could flip the trend, per Elliott Waves Academy.

The setup signals the late stage of a correction. The analyst maps the structure as wave (C) of a broader flat, with momentum slowing as the pattern matures source.

A breakout needs two things. Price must clear the diagonal’s upper boundary and the stated resistance. That would strengthen the bullish case and can start a fresh impulsive leg analysis, breakout context.

Targets align with the 100% extension of the prior wave’s length, if follow-through appears after the break source.

Sustainability hinges on demand. Weak follow-through could delay or mute the move market read.

  • Diagonal labeled as wave (C) within a larger wave X in the corrective structure structure detail.
  • Reversal signals near the lower boundary show stabilizing price action and easing sell pressure chart view.
  • Overlapping waves and slowing momentum match typical ending-pattern behavior, supporting a bullish reversal setup reversal context.

Litecoin 4H ending diagonal setup from Elliott Waves Academy