$LTC Building a Base or Preparing for Another Leg Down?
Litecoin is trading at $117.68, down -2.46% for the day, as it attempts to stabilize after a sustained pullback. Price is hovering near short-term support with traders eyeing the next breakout or breakdown.
Key Levels to Watch
• Resistance: $118.80 – A breakout above this could target $120.00 and $122.00.
• Support: $116.55 – A breakdown below this level could open the path to $115.00 and $113.50.
Trade Setup – Volatility Ahead
• Bullish Entry: A confirmed move above $118.80 could drive momentum toward $120.00 and $122.00.
• Bearish Entry: Losing $116.55 may lead to deeper declines toward $115.00 and $113.50.
Market Sentiment: Order book data shows 62.58% buying interest vs 37.42% selling pressure, indicating bulls are slightly in control, but a surge in sell volume could quickly shift momentum.