Will Litecoin rise to $400? It's possible, but the "digital silver" must first overcome the $63 threshold.

According to a report by Bijie Network: Litecoin (LTC) is at a critical moment, with its current price hovering around $63 near a decade-long upward trendline, which chart analyst Aksel Kibar refers to as the "last chance" price level. Currently, Litecoin is trading at $59.20. If it breaks out of the parallel channel formed since 2021, its target price could reach $400, the highest level since 2021. However, if it falls below $47, the bullish structure will be invalidated. Kibar's analysis has recently been endorsed by veteran trader Peter Brandt, highlighting that this long-overlooked asset is at a pivotal moment.