$LTC Dips to Key Support – Bounce Incoming or Further Breakdown?
LTC is trading at $116.56, down –0.39%, testing a major support zone after a steady decline from the $122 level. Price is showing signs of exhaustion, and a potential reversal setup could be brewing.
Key Levels to Watch
Support Zone: $116.00 – $114.00
• A hold above $116.00 could lead to a bounce play:
• Target 1: $118.00
• Target 2: $119.80
Resistance Zone: $120.00 – $122.00
• Bulls need to reclaim this zone for trend reversal confirmation.
Volume Analysis:
Current SMA is 5.792K, showing weak buyer participation. However, late-session spikes in volume may indicate accumulation.
LTC is at a critical juncture. If buyers defend $116, a short-term recovery toward $118+ is likely. However, if $114 breaks, expect more downside pressure. Patience and tight risk management are key in this zone.
