So here's a professional technical analysis on $LTC by 'Dr Sarah'..
Litecoin (LTC) recently faced resistance around the $89 zone after a short-term bullish push. The price failed to hold above this level, resulting in a minor pullback to the $87 region where it is currently consolidating.
๐ Key Observations:
Resistance Level: $89 remains a key short-term resistance. A confirmed breakout above this could open a path toward the $90โ$91 range.
Support Zone: Immediate support is holding near $86.50โ$87.00. A break below this zone may drive price to the $85 psychological level.
Volume: Decreasing volume suggests potential indecision in the market; a volume spike may confirm the next directional move.
RSI (14): Currently neutral around 48โ52 on the 15m timeframe, indicating neither over