Litecoin is currently trading around $55–56, and the broader structure remains bearish despite short-term oversold conditions.
$LTC Technical Snapshot
Price is well below key moving averagesRSI is near oversold → short-term bounce possibleTrend structure is still clearly bearish
Downside Scenarios (This Week)
Primary support zone:
$52 – $50 → High-probability liquidity area
Worst-case flush:
$48 – $46 (only likely if Bitcoin breaks down hard)
Most realistic weekly low: ~$50 ± 2
Upside Scenarios (Relief Bounce)
Oversold conditions may trigger a bounce, but strong resistance remains overhead.
Key resistance levels:
$58 – $59 → First rejection zone$61 – $64 → Major resistance (50% Fib + heavy supply)
Most realistic weekly high: ~$61–63
Any move toward $64 without strong volume is likely to face rejection.
Key Takeaway
Until LTC reclaims $64, the broader trend remains bearish.
Expect a range-bound week with:
Dips toward supportWeak relief bouncesContinued sell pressure near resistance
Patience > prediction.
Let the market confirm before committing heavily.
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