📉 $LTC – Testing support after sharp decline
Litecoin is trading at $123.23 (−5.20% in the last 24 hours) after a rapid drop from the resistance zone of $128–$132 to the support at $122. Buyers are trying to hold the level, but the recovery looks uncertain for now, and the short-term dynamics have shifted to a bearish trend.
Key levels:
Resistance: $126.80 – $128.00
📌 Breakout → targets $130.50 and $133.90
Support: $122.00
📌 Loss → targets $120.20 and $118.50
📊 Trading scenarios
Bullish scenario:
Condition: bounce and hold above $128.00 on increased volume.
TP1: $130.50
TP2: $133.90
Bearish scenario:
Condition: break below $122.00 with increased selling.
TP1: $120.20
TP2: $118.50
💡 Despite the current decline, LTC is still +96% for the year, indicating strong long-term demand. The zone of $122–$128 is now key: its breakout or breakdown will determine the direction of the next impulse.
