Recently, many people in the market have turned their attention to $LTC, and the reason is simple - they want to replicate the rise of $ZEC.

A senior player has stated that if ZEC pulls back to the $300-350 range, he will continue to increase his position. Currently, ZEC is stuck around $750, which happens to be the high point of the 2017 bull market. This resistance level is indeed difficult to overcome.

Speaking of which, LTC's current state is indeed somewhat similar to ZEC's situation before its launch. This group of coins, including $DOGE, are all in a phase of accumulating and consolidating. Smart money usually positions itself in the bottom area, rather than chasing highs or buying at the halfway point—after all, there is still a 60% retracement space from the high point to the low point, who would want to be the one catching the falling knife?

From a technical perspective, LTC has been consolidating in a sideways trend over the long period of 1200 to 1400 days. Once it breaks through the neckline at $135, according to traditional technical analysis logic, there will be good upward potential thereafter.

However, there is a key risk point here: if it really breaks through 135 dollars, and then the price falls back into the range, it would basically be a bull trap. This kind of false breakout is the most harmful, and strict stop-loss discipline must be enforced; otherwise, the account could go back to square one.

The narrative of the privacy track is still fermenting. Whether LTC can take over from ZEC as the next breakout point depends on whether it can hold the neckline this time.