$LTC /USDT: Litecoin Holds Above $113 Despite Minor Pullback (-1.13%)
Litecoin ($LTC) is trading at $113.12, down -1.13% over the last session. After reaching a high of $117.38, the price has retraced slightly but remains within a consolidation phase.
Key Levels to Monitor:
Resistance: $117.38 – Breaking this could push LTC toward $120.
Support: $111.64 – A critical level to hold to sustain the current uptrend.
Market Highlights:
Litecoin has shown a steady climb from the $104.11 low, signaling strong buying momentum.
Current consolidation suggests the market is pausing before deciding on the next directional move.
Potential Scenarios:
Bullish Breakout: A push above $117.38 could ignite a rally toward $120 or higher.
Bearish Breakdown: Failing to hold $111.64 may lead to a deeper pullback, targeting $108.00.
Traders should watch for increased volume and momentum near key levels. Will LTC continue its upward trend or correct further?