$LTC Litecoin at Critical Support Junction
Current Market Status
Price: $86.63 (-0.76%)
24h Range: $85.81 - $87.37
Volume: 15.54M USDT
Classification: Major Altcoin (POW)
Key Support: $86.58 (Must hold for bulls)
Resistance: $86.80 (Immediate barrier)
Volume: Declining but still healthy at 666K
Key Technical Levels
BULLISH SCENARIO
Support Zone: $86.58 - $86.80
Entry Range: $86.60 - $86.70
Targets:
T1: $87.00 (Immediate resistance)
T2: $87.37 (24h high retest)
T3: $88.00 (Psychological level)
Stop Loss: $86.40
BEARISH SCENARIO
Resistance Zone: $86.80 - $87.00
Entry Range: $86.70 - $86.80
Targets:
T1: $86.40 (Support break)
T2: $86.00 (Psychological support)
T3: $85.50 (Major support zone)
Stop Loss: $87.20
Trading Strategy
LTC showing signs of seller exhaustion near support. Risk/reward favors bulls if support holds, but break below $86.58 could trigger deeper correction.
Bias: Cautiously Bullish | Risk Level: Medium
Major altcoin at decision point. Trade the break, not the range.