Litecoin (LTCUSD) Approaching Final Stages of Its Bearish CycleJun 24, 2026

Litecoin (LTCUSD) continues to move lower as expected and has already printed new lows for the year. This price action suggests that the market may currently be unfolding a higher-degree Wave 5, which would represent the final phase of the broader bearish cycle.

However, before this entire bearish sequence can be considered complete, we would ideally like to see a fully developed five-wave decline from the 60 area, where the higher-degree Wave 4 likely ended. According to the Elliott Wave structure, Wave 5 should unfold with all five internal subdivisions before a larger trend reversal can be confirmed.

In the shorter term, the market appears to have staged a temporary rebound that may represent a Wave 4 corrective rally. This recovery can be finished at significant resistance zone between 45 and 46, an area that previously acted as support before being broken. The recent price action may also be forming a completed bearish triangle pattern, which often precedes the final leg lower within a trend.

If this scenario plays out, traders should watch for a downside breakout that could trigger the final Wave 5 decline toward the 40–35 target region. This bearish outlook remains valid as long as LTCUSD continues to trade below the key invalidation level at 51.51.

Looking at the bigger picture, the monthly cycle chart is beginning to show signs that a major reversal may be approaching. While this is an encouraging development for longer-term bulls, the timing remains uncertain. The market may still require several more weeks or even months of downside and consolidation before a sustainable bullish reversal can emerge.

For now, the focus remains on monitoring the completion of the current Wave 5 structure, which could mark the final chapter of Litecoin’s extended bearish cycle and set the stage for a significant long-term recovery.