⚙️ $LTC /USDT – Slipping Below Support?
#Litecoin is showing weakness today, down 2.17% to $86.08. After hitting a 24h high of $88.52, it's drifting into support territory. Momentum favors bears, but a reversal isn’t out of the question just yet. ⚖️
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📊 Snapshot:
📍 Current Price: $86.08
📈 24h High: $88.52
📉 24h Low: $86.01
🔄 24h Volume: 263,377 LTC / $23.02M USDT
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📉 Technical Breakdown:
MA(7): 86.66
MA(25): 87.37
MA(99): 87.44
→ Price has now dropped below all major MAs – signaling short-term bearish momentum.
MACD: Bearish momentum building
RSI: Falling, nearing oversold zone
Volume: Selling volume picking up slightly
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📈 Trade Ideas:
🔻 Bearish Continuation Setup
Entry: Below $86.00
Targets: $84.20, $82.40
Stop-Loss: $87.30
🔄 Reversal Play (Bounce Setup)
Entry: Reclaim $87.50 with volume
Targets: $88.50, $90.60
Stop-Loss: $85.90
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💡 Insight:
Litecoin is under pressure but nearing a historical demand zone (~$84–$82). Watch for RSI divergence or bullish MACD cross on shorter timeframes for potential bounce confirmation. 📉📈
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⛏️ Is $LTC Getting Ready to Dig Deeper or Bounce Back Up?
Comment your bias 👇