Litecoin is currently trading at approximately $59, closely approaching a vital support threshold at $63. This level, according to analyst Aksel Kibar, marks a critical juncture for the cryptocurrency. Kibar, known for his classical charting techniques and backed by the notable trader Peter Brandt, suggests that Litecoin may be entering its “last chance” territory for a significant price movement.
The long-standing perception of Litecoin as “digital silver” to Bitcoin“s “digital gold” makes this moment particularly noteworthy. The asset has remained stagnant for the past six years, but Kibar believes a breakout could lead to price targets of $147 and potentially up to $400, a milestone not seen since the peak of the 2021 market cycle.
Kibar”s analysis indicates that Litecoin”s price action since 2021 has unfolded within a defined parallel channel, which has formed a solid accumulation base with notable peaks near $147. The mathematical structure of the chart supports the bullish outlook, though it has been largely overlooked by the market. The stark warning comes from the potential downside; should Litecoin”s price drop below $47, it could trigger a severe decline, undermining any bullish narrative.
This emphasis on the $63 support level is critical. Kibar”s characterization of this point as a “last chance” resonates with both promise and caution. If this support holds, there is the possibility for Litecoin to build momentum toward higher price targets. However, a breach of this level could lead to a significant bearish trend.
With Peter Brandt”s endorsement of Kibar”s insights, the situation warrants attention. Brandt, a seasoned macro trading expert with decades of experience, has identified Kibar as his top chartist at present. This endorsement lends additional credibility to the analysis and indicates that Litecoin may be on the verge of a pivotal transformation.
As we approach 2026, the narrative surrounding Litecoin is set to evolve, possibly positioning it as one of the most underrated assets in the cryptocurrency market, adhering to established technical principles.
