The expected scenario for coin $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 around 62.00, then the 61.30–61.50 zone if pressure continues.
Alternative scenario: Reclaiming 63.30 on 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 broader trend reversal.
Sideways scenario: Continued fluctuation between 62.38 and 63.30 without a confirmed break or reclaim, while awaiting an hourly close and retest to determine the next move.
Key support and resistance levels:
Support: 62.38, then near 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 for now is 62.38–63.30. Losing 62.38 and confirming the break 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 around 62.00, then the 61.30–61.50 zone if pressure continues.
Alternative scenario: Reclaiming 63.30 on 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 broader trend reversal.
Sideways scenario: Continued fluctuation between 62.38 and 63.30 without a confirmed break or reclaim, while awaiting an hourly close and retest to determine the next move.
Key support and resistance levels:
Support: 62.38, then near 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 for now is 62.38–63.30. Losing 62.38 and confirming the break would support continued selling pressure, while reclaiming 63.30 and holding above it would favor a broader recovery.