Litecoin’s price, like Bitcoin, struggles under $95 against the USD, risking further decline. Recent short-lived recovery for BTC, ETH, XRP, and LTC vs. USD. LTC settled below $100, signaling a bearish trend.
#LTC breaks the $95 support zone, initiating a fresh decline. Dipping below $92 and $90 support, reaching a low of $89.15, now consolidating losses below $95 and the 200-hourly SMA. On the 4-hour LTC/USD chart, a significant bearish trend line is taking shape, presenting resistance around $93.80.
In technical analysis, the LTC/USD pair faces immediate resistance at $96.00, followed by a major hurdle around $94 or the trend line. A decisive break above $98 may trigger a price surge towards $100. Subsequently, the next substantial resistance stands at $105.
If LTC fails to surpass $96 resistance for LTC/USD could lead to immediate support near $92.00. Subsequently, a crucial support lies at the $90 level. If the $90 support is breached, it may trigger further downward momentum, potentially driving the price towards the $85 level in the short term.
Based on Coingabbar Price Analysis, LTC holds a market capitalization of approximately $6.94 billion, accompanied by a 24-hour trading volume of nearly $760.44 million.
KEY LEVELS :
RESISTANCE LEVEL : $96-$100
SUPPORT LEVEL : $91-$88
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
#GOATMoments #Binanceturns6 #BinanceTournament #litecoin $LTC
