$LTC Eyeing Breakout — Can Bulls Push Past $96 or Will Price Slip Below $95?
Current Price: $95.37 (+1.99%)
24H Range: $92.90 – $97.45
Market Overview
Litecoin (LTC) is trading just below the $96 resistance after a modest recovery from its intraday low near $93. The coin has shown steady buying interest with improving volume, signaling potential accumulation. However, price remains capped at the $96–$97 zone, which serves as a key decision point for the next directional move.
Key Levels to Watch
Resistance:
• $96 – Immediate resistance; a breakout could shift short-term sentiment bullish.
• $97.5 – Key barrier; breaking above this may open room toward $99 and $101.
Support:
• $95 – Immediate support zone; holding above keeps the structure intact.
• $93 – Major support; breakdown below could expose $91.5 as the next target.
Trade Setup – Momentum Building but Needs Confirmation
Bullish Scenario:
A sustained move above $96 with strong volume could extend gains.
Targets:
• TP1: $97.5
• TP2: $99
Stop Loss: Below $94.5
Bearish Scenario:
Failure to hold $95 may trigger short-term correction.
Targets:
• TP1: $93
• TP2: $91.5
Stop Loss: Above $96.5
Final Note
LTC is consolidating below a key resistance level after a healthy bounce from $93. Bulls must secure a close above $96 to reclaim upward momentum, while a breakdown below $95 could tilt control back to sellers. The next few candles will determine whether consolidation turns into breakout strength or renewed weakness.
