Expected scenario for $LTC LTC now and over the coming hours
Price at the time of analysis: 62.61–62.62 USDT.
Most likely scenario: Selling pressure continues as long as the price remains below the 63.00–63.30 zone. An hourly close below 62.38 followed by a failure to reclaim it would favor a further decline toward approximately 62.00, then the 61.30–61.50 zone if pressure persists.
Alternative scenario: Reclaiming 63.30 with an hourly close and holding above it on a retest would ease downward pressure and support a recovery toward 63.60–63.80, then 64.20–64.50. This would remain a tactical recovery and, by itself, would not confirm a reversal of the broader trend.
Sideways scenario: Continued movement between 62.38 and 63.30 without a confirmed breakdown or reclaim, while waiting for an hourly close and retest to determine the next move.
Key support and resistance levels:
Support: 62.38, then around 62.00, followed by 61.30–61.50.
Resistance: 63.00–63.30, then 63.60–63.80, followed by 64.20–64.50.
The key zone right now is 62.38–63.30; losing 62.38 and confirming the breakdown would support continued selling pressure, while reclaiming 63.30 and holding above it would favor a broader recovery.
Price at the time of analysis: 62.61–62.62 USDT.
Most likely scenario: Selling pressure continues as long as the price remains below the 63.00–63.30 zone. An hourly close below 62.38 followed by a failure to reclaim it would favor a further decline toward approximately 62.00, then the 61.30–61.50 zone if pressure persists.
Alternative scenario: Reclaiming 63.30 with an hourly close and holding above it on a retest would ease downward pressure and support a recovery toward 63.60–63.80, then 64.20–64.50. This would remain a tactical recovery and, by itself, would not confirm a reversal of the broader trend.
Sideways scenario: Continued movement between 62.38 and 63.30 without a confirmed breakdown or reclaim, while waiting for an hourly close and retest to determine the next move.
Key support and resistance levels:
Support: 62.38, then around 62.00, followed by 61.30–61.50.
Resistance: 63.00–63.30, then 63.60–63.80, followed by 64.20–64.50.
The key zone right now is 62.38–63.30; losing 62.38 and confirming the breakdown would support continued selling pressure, while reclaiming 63.30 and holding above it would favor a broader recovery.