$LTC /USD Analysis: Bullish Continuation Near Key Resistance
Current Price: $112
24H Change: +2.25%
$LTC /USD is trading at $112, maintaining a bullish trajectory as it approaches critical resistance levels. With increased buying interest, Litecoin is poised for potential further upward movement.
Key Levels to Watch
Resistance:
$115 – Immediate resistance. A breakout above this could push the price toward the next resistance zone.
$120 – Major resistance level, crucial for further bullish continuation.
Support:
$110 – Immediate support, key to maintaining the bullish trend.
$105 – Secondary support level in case of a retracement.
Market Insights
$LTC/USD is currently testing resistance at $115, with a breakout potentially driving the price toward $120. However, failure to maintain support above $110 may lead to a retracement toward $105, offering another potential buying opportunity.
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