Why Did $LTC Crash From $147 to $63? Will It Rise Again or Dump Harder? #LTC

Current Price: $88.49 (+3.30%)

Previous High: $147.06

Crash Low: $63.08

Loss From Top: -57%

Overview:

Litecoin (LTC) has seen a massive correction from its local high of $147 to a low of $63. This drop followed months of weak momentum and rejection from key resistance levels. But now, it's showing signs of recovery. Is this the beginning of a bullish reversal or just a dead cat bounce?

Support Levels:

$77.36 (short-term support)

$63.08 (major support, recent bottom)

Resistance Levels:

$92.65 (MA25 – key resistance)

$114.31 (long-term resistance zone)

Indicators:

RSI (6): 60.80 – Approaching overbought zone

MACD: Bullish crossover confirme

Volume: Moderate with recent buying pressure

Trading Strategy:

Entry Zone: Around $83–$85 on a dip

Exit Zone: Partial at $95, major at $114

SL: Below $77.30 for risk management

Future Prediction:

If LTC holds above the 99-day MA ($88.30), we may see a push towards $100+. But failure to break $93–$95 range could trigger another correction. Watch for Bitcoin dominance and broader market sentiment.

Disclaimer: DYOR. Not financial advice.