Litecoin Struggles to Hold Key Support Near $108 – Bounce or Breakdown?
Litecoin (LTC) is hovering around the $108.80 zone after facing repeated rejections near $110. The current structure shows short-term consolidation with weak bullish momentum. If LTC fails to reclaim $110 quickly, a drop toward $106 support is likely. However, a clean breakout above $110 could trigger a short-term rally. Watch for volume confirmation before entry.
Trade Setup (Neutral Bias):
• Entry: $108.60 – $109.20
• Stop Loss: Below $107.80
• Target 1: $110.50
• Target 2: $112.00