Litecoin met with a huge decline because the entire cryptographic market is experiencing intensive sales pressure. Increased variability caused edged price fluctuations, with LTC from USD 130 to $ 100 in a few hours. This edged decline caused concerns among investors, because Litecoin tries to maintain key levels of support.

Market uncertainty has made Litecoin Trading at a key level, and Bulls is trying to defend $ 100 among lasting sales pressure. Failure to comply above higher price ranges suggests a weakened stubborn structure, increasing the risk of further declines.

The best Bigcheds analyst shared a technical analysis emphasizing that for the third time Litecoin back at USD 100. Historically, repetitive re -zones of key support zones escalate the likelihood of failure, adding a bear surrounding LTC. If the level of 100 USD does not persist, Litecoin may be shortened by a deeper correction, adapting to a wider slowdown in the market.

Traders carefully observe another Litecoin movement to determine whether it can stabilize, or whether another wave of sales will push it below. In the case of dominating variability on the LTC market, it remains at a crucial moment that could dictate the price campaign in the coming weeks.

Litecoin maintains the range

Litecoin is currently trading between key liquidity levels after months of variability and uncertainty on the market. Despite the turbulent price, LTC has shown relative strength in recent weeks, pretending to be key support levels. However, he still fights with considerable resistance, preventing a clear trend.

The main problem that is in the face of Litecoin is the inability to break above the levels of supply, maintaining the price in a strict extent. While Bulls tried to escalate LTC, sellers have repeatedly stopped the shoot. Without the decisive breakthrough, Litecoin remains in the consolidation phase, leaving traders uncertain of his next move.

Bigcheds technical analysis He emphasized that another return to the High Time (HTF) frame to the 100 USD range took place after the level of supply of USD 130 was rejected. This means Litecoin for the third time tested the 100 USD support zone, which was crucial in preventing deeper declines. If LTC does not maintain this area, it can cause a more extended correction.

Breaking above USD 130 or a failure below 100 USD will probably determine another crucial Litecoin movement. Until then, traders remain careful because the price action still signals uncertainty and indecision. The upcoming days will be crucial when deciding whether LTC can recover higher levels or face the next wave of sales pressure.

Details of the price: Key levels for storage

Litecoin currently has USD 102 after a huge fall from the 130 USD mark, leaving the bulls in a critical position to defend key levels. The recent decline pushed LTC to the lower limit of its commercial range, testing key support, which took place many times in recent months.

Until now, the price campaign respected both supply zones and demand, with a resistance of around USD 130-140 and support of nearly $ 100. This canal structure defined the Litecoin movement, keeping it in a clear formula related to the scope. Bulls must now maintain the current level to maintain this thesis of the channel, preventing further decline.

EIF Litecoin confirms a breakthrough above USD 130, it can signal the beginning of a recent stubborn trend, pushing LTC to higher levels. However, a break below 100 USD would indicate a loss of demand, probably causing a deeper correction and increasing sales pressure.

For now, traders carefully watch whether LTC will maintain or break their current support zone. Another earnest traffic probably comes from a decisive breakthrough in both directions, establishing a scene for the Litecoin trend in the coming weeks.

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