Litecoin Mirrors Ethereum Pattern: Is a Surge to $240 Possible?
According to The Coin Republic, Litecoin (LTC) has recently exhibited a price pattern similar to that of Ethereum, raising speculation about a potential rally towards $240. Market analyst Ali published a chart on August 15, 2025, comparing the two cryptocurrencies, highlighting how Ethereum previously broke out upwards from a similar setup earlier in the year. Litecoin’s current price movement closely follows this historical pattern, leading some market participants to anticipate a rise to $220 if the trend continues. Should positive momentum persist, projections suggest LTC could even reach $240.
Short-term trading activity has also been notable. On August 14, trader CryptoJoe identified a “falling wedge” pattern in the 30-minute Litecoin/Tether chart, a technical formation often interpreted as bullish. CryptoJoe set a short-term target of $134.35, marking it as the first milestone before higher levels are tested. The wedge pattern emerged after a sharp price drop, followed by smaller downward moves, with LTC’s price beginning to turn upward within the narrowing lines—typically a sign that selling pressure is weakening.
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| Date | Event/Observation | Price/Target |
|---|---|---|
| August 14, 2025 | Falling wedge pattern identified by CryptoJoe | $134.35 (short-term target) |
| August 15, 2025 | Analyst Ali compares LTC and ETH price patterns | $220–$240 (potential targets) |
| Article publication | Current LTC price | $120 (down 1.91% in 24h) |
Beyond technical analysis, Litecoin has attracted attention for its role in corporate treasury strategies. MEI, with the support of crypto investment firm GSR, is integrating Litecoin into its corporate treasury, aiming to make LTC part of its financial operations. This move may eventually extend to Litecoin mining. MEI plans to update its corporate identity in the coming weeks to reflect this broader strategy, while continuing its pharmaceutical research, indicating that the new crypto initiatives will run parallel to its other business areas.
Litecoin’s adoption by major payment platforms such as BitPay, Robinhood, PayPal, and Venmo provides it with a wide user and merchant base. Proponents argue that this level of integration could be advantageous for companies considering holding LTC as part of their assets.
- Short-term focus: $134.35 (falling wedge breakout target)
- Medium-term focus: $220 (Ethereum pattern projection)
- Long-term potential: $240 (if positive momentum continues)
- Current price: $120 (as of article publication, -1.91% in 24h)
Experts caution that these are possibilities, not guarantees, as the market can change rapidly. Factors such as trading activity, ease of buying and selling, and overall sentiment in the crypto world will influence whether Litecoin follows Ethereum’s path or forges its own.
Traders are closely monitoring whether LTC will reach the short-term target and if the longer-term pattern will persist. The Coin Republic emphasizes that while the technical and fundamental developments are promising, the outcome depends on sustained buyer interest and a favorable market environment.
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Source: The Coin Republic, “Litecoin folgt dem Ethereum-Muster, ist LTC auf $240 in Sicht?”
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