Litecoin Encounters Resistance After Sharp RallyLitecoin climbed from $82.4 and is testing the bearish fair value gap at $90.4. With Stochastic showing short-term overbought conditions at 87.0, consolidation is expected.
LTC may retest $89.0 and then dip toward support at $86.9, which aligns with a volume point of interest. The bullish view holds above $82.4; below it, the outlook weakens.
Litecointechnicalanalysis
LTC Approaches Support Zone with Breakout PotentialFenzoFx—Litecoin dropped 1.92% after approaching the $89.0 resistance. It now trades near $86.4, a zone aligned with a high-volume node and previous daily low.
Support ranges from $85.9 to $83.2. If LTC stays above $83.2, a bullish breakout above $89.0 may follow. A close below $83.2 invalidates this outlook.