Litecoin's quiet corner of the spot market 🪙
$LTC ~$51 — flat on the day, down ~21% in 30 days. Support $49.30, resistance $51.80 then $52.30. RSI ~36, weak and near oversold. Still 87% below its $410 ATH.
The funny part: Lite Strategy (Nasdaq: LITS) reported $16M net income last quarter — mostly from its LTC treasury rising 60% — and valued its 751,798 LTC at ~$67 each on Sep 30. LTC now trades ~24% below that mark. The company holding it made money; spot holders are still waiting for their turn.
BTC ~$74,185 is holding above $73,100 support. If BTC keeps $73K, LTC has room to test $52.30.
Verdict: boring on the chart, but the $49–$52 range decides the next move.
Not financial advice. DYOR.
$LTC ~$51 — flat on the day, down ~21% in 30 days. Support $49.30, resistance $51.80 then $52.30. RSI ~36, weak and near oversold. Still 87% below its $410 ATH.
The funny part: Lite Strategy (Nasdaq: LITS) reported $16M net income last quarter — mostly from its LTC treasury rising 60% — and valued its 751,798 LTC at ~$67 each on Sep 30. LTC now trades ~24% below that mark. The company holding it made money; spot holders are still waiting for their turn.
BTC ~$74,185 is holding above $73,100 support. If BTC keeps $73K, LTC has room to test $52.30.
Verdict: boring on the chart, but the $49–$52 range decides the next move.
Not financial advice. DYOR.