⢠Since the beginning of 2024, Litecoin has experienced a strong bullish rally that took it up to ~135 USDC. ⢠Then, a significant correction down to the current zone (~86 USDC). 2. Long-term support line: ⢠A blue bullish support line appears to be well respected, connecting the successive lows since 2023. This shows structural support around 60ā65 USDC. 3. Recent price action: ⢠Currently, the price is gently bouncing back from a low near this support. ⢠However, it remains stuck below resistance around 90ā95 USDC, a level tested several times. 4. Past performance: ⢠Over 90 days: -28.45% (strong recent decline) ⢠But over 6 months: +29.17%, and over 1 year: +7.34% ⢠This contrast shows significant volatility and a still hesitant market.
Possible scenarios: ⢠Bullish: If LTC breaks the 90ā95 resistance with volume, it could target 100 then 120 USDC. ⢠Bearish: If the price fails to break above 90 and falls back, the next major support remains the 70ā75 USDC zone, or even the long-term support around ~60.
Conclusion:
Litecoin seems to be in a transition phase after a low, but it remains fragile. A good entry point would rather be on a retest of the support or a confirmed break above 95 USDC. #ltc $LTC
Recent Trend: Bitcoin has just bounced back from a low around 75,000ā80,000 USDC and seems to be forming a 'W' structure, often a sign of a bullish reversal. 2. Key Level: It is flirting with the 96,000 mark, which is a visible resistance. It recently attempted to break above 97,000 (24h high at 97,932). 3. Volume: The volume remains relatively stable, indicating a certain balance between buyers and sellers. 4. Past Performance: ⢠7 days: +1.41 % ⢠30 days: +13.26 % ⢠180 days: +38.91 % ⢠1 year: +62.45 % ⢠But be careful: over 90 days, it remains down (-5.08 %), reflecting significant volatility.
Speculation:
If the price manages to clearly break the 97,000ā98,000 resistance with volume, it could test the 100,000 USDC mark and beyond. On the other hand, a rejection around 96,000ā97,000 could lead to a pullback towards 90,000 or even 85,000. #btc $BTC
You were right! I also bought 3,187! šŖš»š„š«”
Crypto Cobain0
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NEW POSITION ALERT!
Just grabbed 1.552 $LTC USDT at $122.33! Litecoin is on the move, and Iām locking in my seat before the rocket takes off!
Why Litecoin (LTC) is a Smart Bet:
Speed and Scalability: With faster transaction times and lower fees, LTC is a powerhouse for real-world adoption.
Next Halving Catalyst: The recent halving has already set the stage for a supply shockāare we gearing up for a supply-driven rally?
Institutional Backing: Litecoin is proving itself as a favorite for long-term holders and institutions alike!
Security and Stability: One of the most trusted networks in crypto, Litecoin isnāt just hypeāitās a utility-driven giant.
Whatās Next for LTC? As it dances around the $122 zone, all eyes are on whether Litecoin breaks key resistance levels and climbs toward $150+. The market momentum is building, and Iām ready for this to pay off big!
pa This is no meme playāthis is serious business. Litecoin has stood the test of time, and now itās ready to claim its place in the spotlight again.
Riding the LTC wave to greatness! Watch closelyāthis could be the spark of a major move.