$LTC Testing Support After Sharp Sell-Off
Litecoin is trading at $123.30, down 6.63% today after heavy selling pushed the price from the $128–$132 resistance area toward the $122 support zone. Buyers have stepped in to hold this level, but the recovery remains tentative as the broader momentum has shifted bearish in the short term.
Key Levels to Watch
• Resistance: $126.80 – $128.00 — A breakout above could aim for $130.50 and then $133.90.
• Support: $122.00 — Losing this level may extend the decline toward $120.20 and potentially $118.50.
Trade Setup — Prepare for Swings
Bullish Entry:
• Condition: Strong rebound above $128.00 with rising volume.
• Targets:
• TP1: $130.50
• TP2: $133.90
Bearish Entry:
• Condition: Breakdown below $122.00 with increased sell pressure.
• Targets:
• TP1: $120.20
• TP2: $118.50
Despite today’s drop, Litecoin is still up over 96% in the past year, reflecting robust longer-term demand. The $122–$128 zone is now a decisive battleground a breakout or breakdown from here could set the tone for the next major move.