Is LTC’s Breakout Signaling a New Altcoin Bull Run Like 2020’s 10x Rally?

Litecoin broke a 4-year descending trendline, and started a possible macro reversal and altcoin cycle.

LTC price surged 7% intraday, backed by strong volume and short-covering, and bullish momentum.

Altcoin market cap breaks $1.68T resistance, aligning with LTC’s breakout and hinting at a possible new expansion cycle.

Litecoin (LTC) gained around 11% over the week, solid trading volume is supporting this rise. Many investors are wondering if this could be the beginning of a bigger move for LTC and the whole market.

LTC Breaks Multi-Year Downtrend

Litecoin (LTC) has officially broken out of a descending trendline that’s been pressing down on price action since early 2021. This technical resistance has capped Litecoin’s upside for nearly four years. The last time LTC made such a move was in late 2020 when it triggered a multi-month rally across the altcoin sector.

The weekly chart highlights two major downtrends: one stretching from 2018 to 2020 and one from 2021 to 2025.LTC formed higher lows and broke out through long-term resistance, forming an ascending triangle pattern — a typically bullish structure.

Source: GalaxyBTC Via X

The current breakout, marked in blue on the chart, places key resistance levels at $129.74 and $418.45. These zones may act as magnets for price if momentum sustains.

Intraday Price Surge Confirms Momentum

LTC witnessed an explosive move on October 10. After trading in a tight $114–$120 range, price erupted past resistance with a 7% surge — topping out near $127.

The spike occurred driven by a sharp rise in volume. This kind of vertical breakout usually signals large orders sweeping the order book, triggering stop-losses and short covering. The breakout candle closed near its highs, reflecting confident buying pressure.

Traders now eye $122–124 for potential support on any retests, while continuation above $128 could open the door to the next resistance levels.

Altcoin Market Cap Confirms Macro Shift

This breakout isn’t happening in isolation. The total altcoin market cap, excluding Bitcoin and the top 10 coins, has broken above a critical resistance at $1.68 trillion — a level rejected multiple times since 2021.

On the 3-week timeframe, the structure is eerily similar to previous pre-altseason conditions. Higher lows, a compression phase, and a clean breakout all point to potential expansion.

Additionally, Litecoin’s market cap surged over $1B in hours on October 10, climbing from under $9B to over $10B, supported by increasing volume — a classic sign of renewed investor interest.

The confluence of Litecoin’s breakout, altcoin market cap expansion, and rising volume suggests more than a short-term rally. Historical patterns and technical structures are pointing toward the early stages of a broader altcoin bull cycle.

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