Litecoin forms ending diagonal signaling potential breakout toward new highs

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.