TLDR
- Litecoin forms a Dragonfly doji near the $96 support zone.
- Dollar-cost averaging produced a 959% Litecoin return since 2013.
- A breakout above $101.50 may confirm bullish continuation ahead.
- Historical data reinforces Litecoin’s resilience as a long-term store of value.
Litecoin closed its October 14 daily session with a Dragonfly doji candle, a pattern often associated with potential reversal points in trending markets.
According to a CryptoWZRD analyst, the structure indicates renewed buyer interest after a period of price exhaustion. The daily chart shows Litecoin holding around $96.91, slightly below the key resistance area near $101.50, while maintaining a solid base at the $96.00 daily support.
The Dragonfly doji’s lower wick reflects that sellers briefly pushed prices down but were met with strong buying pressure before the close. This level coincides with a previously tested support zone that has historically acted as a liquidity pocket during prior reversals. Notably, Litecoin rebounded from similar conditions in early June and late August, both of which resulted in sharp upside moves.
The analyst added that the next resistance stands near $112.00, a level that capped multiple rally attempts in August, while the larger resistance ceiling remains around $140.00, marking the August 2025 swing high.
The technical structure implies that a sustained close above $101.50 could confirm a shift toward a more constructive daily trend, aligning Litecoin with broader bullish market setups.
Litecoin Prices in a Consolidation Channel
Short-term Litecoin price charts show it trading in a tight consolidation range between $91.50 and $101.50 following last week’s sharp drop. The current price action forms a horizontal accumulation zone, reflecting uncertainty as traders await a breakout signal.
Indicators on the chart reveal moderate momentum recovery. The Money Flow Index (MFI) currently reads 54.28, indicating mild inflow of buying pressure without excessive demand, while the Average Directional Index (ADX) stands at 25.27, suggesting that the current trend lacks strong conviction.
4-hour LTC/USDT Chart | Source: TradingView
This aligns with the analyst’s observation that a breakout above $101.50 could mark the start of a new bullish phase, whereas a move below $91.50 might invite further downside pressure toward $85.00.
The observed consolidation appears to be forming a base following the flash crash to $85 earlier this month. Historically, such accumulation structures have preceded Litecoin’s upward moves when accompanied by volume expansion. The market remains sensitive to Bitcoin’s trajectory, as traders assess whether LTC can sustain its recovery above the short-term midpoint near $99.
Litecoin Prices Showing Massive Long-term Growth
A separate dataset accompanying the analysis provides a long-term view of Litecoin’s performance since 2013. According to the chart, an investor who consistently bought $100 worth of LTC each month for 147 months, from the coin’s early trading history until 2025, would have invested a total of $14,700.
That same portfolio would now be worth approximately $155,000, representing a 959% cumulative gain and an average monthly return of 6.25%.
The long-term growth curve shows several notable peaks, with the most significant surges occurring during the 2017 and 2021 bull markets when cumulative investment values surpassed $300,000 at their highs. Although Litecoin’s returns fluctuated sharply across market cycles, the consistent dollar-cost averaging strategy provided substantial appreciation over time.
Analysts say that this performance demonstrates Litecoin price’s long-term resilience and its viability as a “store of value.” He added that those who label LTC as underperforming likely entered the market during cycle tops, missing the broader compounding effect of steady accumulation.
Monthly data from the investment chart further supports this claim. Over the years, periods such as June 2021 ($263,152) and April 2021 ($276,983) yielded exceptionally high cumulative returns. Even after corrections in 2022 and 2023, the growth curve stabilized above $100,000, with the latest 2025 figures showing renewed momentum near $155,709.
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