$LTC /USDT - Bearish Retracement After Resistance Test! 🚨
The $LTC/USDT pair has dropped by -3.15%, currently trading at $121.98, following a rejection at the $129.35 resistance. The price is consolidating near the lower range, testing critical support levels.
Key Levels to Watch:
Resistance: $124.32 (immediate), $129.35 (24h high)
Support: $121.41 (24h low), $116.44 (strong base)
Market Highlights:
The bearish pressure indicates profit-taking after the recent rally.
A break below $121 could lead to a sharper decline.
Potential Scenarios:
Bullish Reversal: Reclaiming $124 could trigger a recovery toward $127 and $129.
Bearish Continuation: A drop below $121.41 may push the price to $116 and beyond.
Monitor volume and market momentum closely as they will signal the next move.
#CryptoTrading #LTCUSDT #Binance #USConsumerConfidence #BinanceAlphaAlert
