$LTC Consolidation After a Pullback!

Current Price: $89.74 (-3.18%)

Litecoin is stabilizing after retracing from the recent high of $95.00, with buyers stepping in near support zones.

Technical Overview:

• Resistance Levels:

• $91.54: Short-term resistance to overcome for bullish momentum.

• $95.00: Key psychological level to reclaim for further upside.

• Support Levels:

• $88.55 (99 MA): Critical support maintaining the current trend.

• $86.38: 24-hour low acting as a strong defense zone.

• Volume Insight:

• Declining volume suggests a consolidation phase after the recent sell-off.

Indicators to Watch:

• Moving Averages:

• MA (7): $89.20, showing the price is nearing short-term support.

• MA (25): Acting as a pivot point at $89.43.

• Market Sentiment:

• Traders are awaiting a breakout or breakdown from the current tight range.

Trading Scenarios:

• Bullish Case: A breakout above $91.54 could propel LTC towards $95.00 and potentially higher.

• Bearish Case: Losing the $88.55 support could trigger a deeper correction toward $86.38.

Pro Tip: Monitor the volume for confirmation of the next directional move and watch for price action around key moving averages.

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