$LTC Stumbles at Resistance – Will Bulls Regain Momentum?

LTC

122.34

+2.88%

Litecoin ($LTC) is trading at $122.56, up 2.69% after a sharp rally that peaked at $131.48 earlier today. However, the price is now facing significant resistance, leading to a pullback. With the RSI at 21.52, the market is showing oversold conditions, suggesting a potential recovery if buyers return.

MACD is showing weak bullish momentum as the histogram turns red, indicating downward pressure. Key support is near $119.79, where bulls will need to hold to prevent further declines. If buying volume increases, a reversal towards the recent high is possible. However, a break below the support could expose LTC to deeper corrections. Monitor the RSI and volume for confirmation of the next move