let's be patient, let's not forget that it is the only currency with a 90% approval in the SEC to enter the stock market, it would be the third currency on the list.
mahira99prionty
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Litecoin's Balancing Act: Is LTC Warming Up for a Breakout or Breakdown?
Litecoin ($LTC /USDT) has been playing a strategic game of range-bound chess, currently priced at $85.49. After a strong run-up to a local peak of $147.06, the price faced heavy resistance and slid downward, but what we’re seeing now is not just a fall—it’s a calculated cooldown. The recent bounce off around $66.33 hints at a potential short-term bottom, and now the asset is attempting to reclaim its momentum.
Zooming into the weekly chart, Litecoin appears to be consolidating between $66 and $109—a wide but technically respected range. The volume shows occasional spikes, especially during bullish attempts, indicating that interest hasn’t vanished. Price has been respecting the $80–$85 level as a support zone in recent candles, and now it’s grinding just above it. Buyers currently dominate the order book with 58.01% of the pressure, showing a decent appetite at this level.
The moving averages are beginning to squeeze closer, hinting that volatility could soon expand. This kind of tightening is often a precursor to a breakout or breakdown. If LTC can close above $90 and push through $109 with volume confirmation, it might test $130 again. On the flip side, failure to hold $80 could bring us back down toward the $70 zone, or even test that $66 support again.
Looking at the bigger picture, LTC seems to be coiling for its next major move. The long-term trend is still uncertain, but the coin is holding relatively strong compared to many other alts. Traders watching this setup are likely betting on a breakout above $90 to kick off a new bullish leg. Until then, it's a patient wait in a pressure cooker, and the next few weekly candles will tell us if LTC is ready to explode—or just exhale. #Write2Earn
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