ETH: Litecoin trades near $112, just in the green on the day but at risk of fresh losses 🚀

The LTC price hovers at key support level as bulls attempt to hold bears off 🔺

Bullish crypto market and catalysts like spot ETFs could help LTC go higher 💡

Litecoin (LTC) is trading at $112, about 2% up in the last 24 hours but down over the past week and month. 🏦

Meanwhile, the 24-hour trading volume of $694 million is more than 22% lower on the previous day as top altcoins look to bounce 🚪

As LTC price drops towards $110, can bulls hold onto gains or is the altcoin poised for a revisit of the psychological $100 mark and lower? 😴

Litecoin price has broken below the middle line of an ascending channel pattern. Price at $112 suggests a broader crypto pullback could accelerate LTC's dip to support at $100 and possibly to $90 🔄

The 24-hour trading volume is about 22% down on the previous day as top altcoins look to bounce ⏰

Open Interest has dropped slightly, now at $994 million from record highs of $1.27 billion hit recently. OI remains higher than lows of $800 million seen in early August 🔁

A break above $120 could allow bulls to test the upper channel barrier near $140 and aim for the psychological $200 mark 🏃💨

If RSI pops above 50, LTC could see the above scenario play out 👍

What do you think? Bulls or bears in Litecoin territory? 💲

#ETH #Litecoin #LTC #CryptoMarket #ETFs