LTC/USDT Technical Breakdown: Holding the Line at $75 🛡️
Litecoin (
$LTC ) is currently providing a textbook lesson in support-testing. After a steady 24-hour decline from its local high of $77.27, price action has settled into a tight consolidation phase.
📊 The Data Points (24H)
Current Price: ~$75.50
Trend: Short-term Bearish / Medium-term Neutral
Critical Support: $75.40 (Testing now)
Major Resistance: $76.60 & $77.25
🔍 Analysis: What’s Happening?
The "Silver to Bitcoin’s Gold" is currently fighting to maintain its bullish structure.
Volume Exhaustion: We are seeing decreasing sell volume as we approach the $75.00 mark, which often precedes a "relief bounce."
Market Structure: On the 4-hour timeframe, LTC is creating a "Base" around $75.50. If the daily candle closes above this level, it confirms that buyers are defending the zone.
The Upside Potential: A breakout above $76.60 would flip the script, likely triggering a fast move back toward the $78.00 psychological barrier.
💡 Spot Strategy Tip
Patience is Key: If you’re a spot accumulator, look for "long wicks" below $75.00 that get quickly bought back up—this is a classic sign of institutional interest.
Invalidation: A decisive close below $74.30 would invalidate the current bullish setup and suggest a deeper correction.
Always (DYOR). 🙏
#Litecoin #LTC