$LTC is showing a short-term bearish market structure on the 1H chart, currently trading around the 48.91 mark. After sliding down from its local high at 49.60, @Litecoin is consolidating near its recent lows. The price action is heavily restricted from above by the MA(25) at 49.07 and the long-term MA(99) resistance barrier at 49.80. However, the bulls are trying to establish a temporary baseline around the MA(7) at 48.91. The ultimate line of defense for buyers right now is the major psychological support at the 48.00 flat level. If this 48.00 foundation holds, we might see a liquidity accumulation phase leading to a relief bounce back toward $49.50. Conversely, breaking below 48.00 could increase immediate selling pressure. Are you accumulating LTC at these lows or waiting for a trend reversal confirmation? #LTC #Litecoin #crypto #trading #TechnicalAnalysis