Litecoin Trailing Ethereum Pattern, Is LTC To $240 In View？

Litecoin (LTC) has shown a price pattern similar to Ethereums earlier moves, raising its chances of soaring to $240.

Chart trends, new treasury adoption plans, and analyst targets have brought more focus to the cryptocurrencys next steps.

Pattern Link Between Litecoin Price and Ethereum

Reports indicate that Litecoin has been moving in a way that closely matches Ethereums past price action.

It is worth mentioning that on August 15, 2025, market analyst Ali shared a chart comparing the two.

Litecoin/Ethereum Correlation | Source: Ali Martinez

The chart showed how Ethereum had broken higher from a similar setup earlier in the year. Litecoins current price path lined up with that pattern.

It is important to state that Ethereums earlier move saw strong gains before it slowed down.

Based on that example, many in the market believe Litecoin could rise toward $220 if the same pattern holds.

Per this outlook, a few suggest it could even extend to $240 if the positive momentum is sustained.

Short-term activity has also been spotted. On August 14, trader CryptoJoe pointed out a “falling wedge” pattern on the 30-minute Litecoin/Tether chart.

This technical setup is often seen as a positive one. CryptoJoe marked a near-term target of $134.35, which would be the first step before testing higher levels.

Litecoin Price Analysis | Source: CryptoJoe

The wedge pattern came after a sharp drop in price, followed by smaller downward moves.

LTC price then began to turn up within narrowing lines on the chart. This type of move is often read as a sign that sellers are losing strength.

Litecoins Role in Corporate Treasury Plans

Away from the charts, Litecoin has been drawing interest for another reason. MEI is fulfilling its promise of a new plan to hold Litecoin as part of its corporate treasury.

The strategy is being managed with the help of GSR, a crypto investment firm.

The move is meant to bring Litecoin into MEIs financial operations and GSR will provide market guidance and handle backend executions.

MEI said the plan is part of a wider approach that could also include Litecoin mining in the future.

The company will update its corporate identity in the coming weeks to reflect its broader strategy.

It also continues to work on its drug research pipeline, showing that the new crypto plans will run alongside its other business areas.

Litecoin is already accepted on major payment platforms such as BitPay, Robinhood, PayPal, and Venmo.

This gives it a wide base of users and merchants. Supporters say this level of integration could help when companies consider holding it as part of their assets.

Analyst Targets and Market Outlook

It is worth mentioning that price targets for Litecoin differ depending on the time frame under review.

For the immediate future, the focus is on the $134 mark, drawing insights from the falling wedge signal.

From there, attention turns to the $220 level linked to the Ethereum pattern. If the price can move past that point, some see $240 as a possible price target.

It is important to add that whether the Litecoin price rises will depend on whether buyers keep showing interest and if the wider market stays positive.

Experts say these are only possibilities, not promises, because the market can change as fast as it has this week.

Factors like trading activity, how easy it is to buy and sell, and the general mood in the crypto world could decide if Litecoin follows Ethereums path or goes its way.

Right now, Litecoins price chart and its increasing use in business are drawing attention to it.

As of writing, the LTC price was changing hands for $120, down 1.91% in 24 hours per market data.

Traders will be watching closely to see if it meets the near-term target and whether the longer-term pattern holds.