Litecoin (LTC) Price May Rise 100%, If This Ethereum Pattern Validates

Key Points

1. Litecoin's price chart is mirroring Ethereum's pattern, where breaking a key resistance level ($140 for LTC, $4,050 for ETH) could lead to a significant price surge.

2. Litecoin's current price is around $129, having recovered from July's lows below $90, with repeated rejections at the $140 level becoming shallower.

3. A breakout above $140 could open the path for Litecoin to reach $220, following a similar rapid rise as Ethereum did after its breakout.

4. MEI, a biotech company, announced a $100 million institutional treasury plan involving Litecoin, with involvement from Charlie Lee and GSR, drawing additional attention to LTC.

5. If Ethereum continues its upward trend toward $5,200, it may further validate Litecoin's potential breakout, as the setups are nearly identical.