Litecoin - LTC/BTC $LTC đȘ
Last month, Litecoin on its BTC pair has lost its blue-blue range and this month is showing initial signs of turning it into new resistance.
Reject from here and LTCBTC could drop back into the new old Time Low level from late 2022, which could offer a precarious position as LTCBTC could easily slink down to new All Time Lows in that scenario.
However, if LTCBTC is able to reclaim the blue Range Low as support then it is clear that price would continue its consolidation inside that range and revisit the confluent resistance area that is the Range High and the Macro Downtrend (black).