$LTC Litecoin (LTC) Analysis – November 22, 2024

Litecoin (LTC) is trading at $91.07, showing signs of consolidation. Currently, the market sentiment for LTC is leaning neutral to slightly bearish, as broader crypto markets face resistance. Short-term technical indicators like the RSI suggest LTC is in a middle range, neither overbought nor oversold.

LTC’s recent failure to break above the $94 resistance zone indicates a lack of strong upward momentum. However, support at $89 remains intact, making this a crucial level for bulls to defend.

For traders looking to enter, consider buying between $88-$89 for a potential rebound. Short-term resistance levels to watch are $93 and $94.50. If the bearish momentum intensifies, LTC could test $87, offering another entry point.

Target Prices:

Buy Range: $88 - $89

Sell Target: $93 - $94.50

Litecoin’s performance largely depends on broader market trends, so cautious trading is advised.$LTC