$LTC Plummets Approaching Critical Levels #Litecoin is now trading at $108.63, showing a steep drop of 10.90% today. The coin reached a 24-hour low of $106.31 after falling sharply from the recent high of $123.03.
Key Levels to Watch:
Immediate Resistance: $115.30 – A recovery above this level could reignite bullish momentum.
Immediate Support: $106.31 – A break below this crucial support may trigger further declines.
Indicators in Focus:
RSI: Currently at 13.73, signaling heavily oversold conditions possible bounce ahead.
MACD: Shows bearish divergence; momentum remains weak.
Possible Scenarios:
1. Bullish Reversal: A move above $115.30 could attract buyers aiming for targets around $120 and beyond.
2. Further Decline: Failure to hold $106.31 might push the price towards the psychological support of $100.
Trade Caution: Extreme volatility detected! Tight risk management is recommended for both short and long trades.