Litecoin ($LTC ) Tests the $85 Resistance – Will the Bulls Push Higher? 🚀

Litecoin ($LTC ) has been on a bullish run, showing a 7.37% gain, with the price currently at $80.26. The recent momentum brought $LTC to test the $85.00 resistance, making it one of the standout performers in the market. As LTC fluctuates near this key level, all eyes are on its next potential move.

🔍 Key Highlights:

24H High: $85.00

24H Low: $74.17

Current Price: $80.26

24H Volume (LTC): 2.51M

📊 Moving Averages Analysis:

MA(7): 82.15 – Price currently sits just below this short-term moving average, which could act as immediate resistance.

MA(25): 80.96 – Mid-term support is close to the current price, offering a critical level to hold for bullish momentum.

MA(99): 77.69 – Long-term moving average shows strong support below, suggesting a favorable position for potential long-term gains.

🔮 Key Levels to Watch:

1. Resistance at $85.00 – Breaking above this level could signal a stronger upward trend and attract more buying interest.

2. Support at $80.00 – This level aligns closely with the MA(25) and will be essential to hold for maintaining upward momentum.

3. Critical Support at $77.69 – Aligned with the MA(99), this level provides a foundation if there is a short-term pullback, keeping LTC’s long-term outlook bullish.

⚠️ What’s Next for LTC?

If LTC breaks past $85.00, it could pave the way for a new rally with potential gains on the horizon. However, failure to hold above MA(7) might lead to a period of consolidation or a minor correction before the next breakout attempt.

With Litecoin’s recent surge, traders are watching closely to see if the bulls can take it to new heights!

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