The current price of Litecoin / TetherUS (LTC) is 96.85 USDT — it has fallen −3.19% in the past 24 hours
LTC/USDT is currently in a strong uptrend but facing critical resistance at 106.97. The breakout or rejection at this level will determine the next major move. Traders should monitor volume and MACD signals closely to gauge the strength of the current momentum.
Chart Observations
Support Zone:
The breakout level near 85.00 is acting as a new support zone. A pullback to this area may attract buyers, considering its historical significance.
Below that, the 200 MA at 77.00 provides a critical support level for mid-term corrections.
Resistance Zone:
The price is testing a key resistance level at 106.97, which aligns with the previous peak in April 2024.
A clear breakout above this resistance may open the path to 120.00, the next psychological level.
Price Pattern:
The price has broken out of a long-term consolidation range (highlighted in the second chart) and is currently retesting the upper boundary of this range.
A failure to maintain momentum above 95.00 may signal a short-term retracement.