According to Cryptowzrd regarding his last post WX Litecoin (LTC) finished the week from the bear, and the movement, which is interpreted as part of the normal market cycle, not a sign of weakness. Despite the withdrawal, the LTCBTC pair shows promising signs of strength and is expected to gather in the coming week.
Cryptowzrd notes that the development of the end -up chart will be the key to identifying the next profitable capabilities of the scalp. As long as LTC continues above the critical level of 100 USD, the conditions remain beneficial to a stubborn breakthrough, potentially releasing the next leg in LTCBTC commercial pairs.
A stubborn catalyst that could drive Litecoin higher
By ensuring further insight, Cryptowzrd explained that everyday candles for Litecoin and the LTCBTC pair closed the lower ones today. He assured that this brief -term decrease is not a cause for concern, especially since the wider picture remains stubborn.
According to the analyst, the weekly Litecoin candle closed a significant strength, pointing to the pressure keeping the pressure in the coming days. The LTCBTC pair also ended the week with a positive note, which can be an early sign of the renovated rush of stubborn. However, Cryptowzrd emphasized the importance of a more impulsive push from LTCBTC in the coming week to ignite Litecoin’s growth.
He also noticed that Litecoin and LTCBTC are currently trading in extremely sold out conditions, which usually precedes mighty collections. With this in mind, Cryptowzrd plans to strictly monitor the development of intrain in smaller time frames, wanting to operate all the possibilities of rapid trade as the configuration evolutions.
Breakout LTC/BTC confirmed – key levels for watching
Summing up his analysis, Cryptowzrd emphasized that the Litecoin end -shaped chart remained very unstable throughout the day, and the price is currently consolidating around the key support zone worth 100 USD. If the buyers enter and lead a mighty stubborn traffic from here, he can open the door to the rally towards the target 109 USD or maybe even higher.
On the other hand, the lack of storage of this support can lead to extended side movement, especially if bitcoins remains uncertain or there is no directional shoot during upcoming sessions. The reaction of a wider market, especially from BTC, will probably affect the next Litecoin movement.
For now, Cryptowzrd advises you to wait patiently for a spotless and reliable configuration before taking action. He emphasized that discipline is of key importance in such upset conditions, and its focus will remain on tracking price development in lower time frames to see another favorable entry point.
