$LTC Chart Check: The Waiting Game
Current price action for #Litecoin is mirroring the broader #Altcoin market: essentially flat on the daily chart. We are locked in a crucial range, and until that changes, caution is mandatory.
Key Barrier: The major challenge remains the $96 - $98 resistance ceiling. We need a confirmed break above this zone to invalidate the immediate bearish pressure.
Holding Pattern: The price has found itself consolidating within a tight "No-Trade Zone" (your yellow zone on the H2 view). This is classic pre-breakout/breakdown behavior.
Downside Risk: Given the current market neutrality, a re-test of the lower boundary, specifically the $86 - $84 support area, is a realistic possibility. Keep those levels mapped!
I'm keeping my powder dry. No aggressive bull or bear calls until the market chooses a clear path outside of this consolidation range. Patience pays.
