Litecoin / TetherUS
롱

LTC: Approaching Support

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Litecoin (LTC) technical analysis:

Trade setup: Price got rejected again (3x) at $100-$105 resistance zone and pulled back to $80 support and 200-day moving average. So far it appears to be holding that level and could swing back up to $100 again. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high.

Trend: Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.

Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).

Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.

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