📉 Litecoin Price Analysis & Prediction (March 13) 📉
📈 After exiting an accumulation phase in late February, Litecoin surged to its highest level in eight months before retracing and seeking a stable level. It's anticipated to resume bullish momentum soon. 🚀
💰 Trapped under $80 previously, Litecoin broke out of a six-month accumulation phase, finding strong support at $68 before initiating a surge. This breakout occurred in late February, marking a significant move.
📉 Despite a recent drop to $72, Litecoin bounced back above $100, showing signs of bullishness. Now aiming to retest the $95 level, previously broken as resistance during a surge, Litecoin appears bullish for big price movements on a macro level.
📊 With a rise in daily volume, Litecoin is expected to see increased volatility in the coming days. If it drops to $95, potential support levels lie at $91 and $85.5, with $80 being a crucial level to watch.
💡 A strong candle close above $105.7 resistance could drive buying towards $115, $120, and even $130.
