Analysts believe Litecoin's chart pattern and increasing trading volume could indicate a breakout, potentially pushing the price to $775.

Litecoin Technical Analysis

Litecoin exhibits breakout setups suggesting technical compression within a multi-year symmetrical triangle.

Rising volume, along with $10.5 million in exchange outflows, reinforces a potential decisive move.

An oversold Relative Strength Index (RSI) further supports this perspective.