Litecoin Price Prediction: Breakout Potential Fuels Bullish Outlook

Analysts predict a significant price surge for Litecoin, signaling a potential shift from years of consolidation. Crypto analyst Crypto Lama believes the long-awaited rally is imminent based on an Elliott Wave structure and a running triangle pattern resolution. His chart projects Litecoin to reach $2,175 during a fifth wave expansion, mirroring historical behavior in commodity bull markets. This outlook aligns with his Rainbow Power Law model for extreme market movements.