Here’s a short analysis of Litecoin ($LTC
) vs USDT:
✅ Current snapshot
Price is about $102.94 USD.
Technical indicators (on the daily chart) show mixed to bearish signals: RSI around ~37 (indicating weakness).
Price recently failed to hold above key moving averages (MA20/50) and appears under pressure.
⚠️ Key risks / setup
Sellers seem to hold the short-term momentum: lower highs, possible breakdowns of support.
If support around ~$100 fails, there’s risk of a drop toward lower zones (e.g., ~$90 or less).
On the flip side: if LTC can reclaim and sustain above moving averages + strong resistance (~$110+), a bounce becomes plausible.
📊 Technical view
Current candle structure: smaller body + recent red candles → showing hesitation.
For bullish reversal: need a strong green candle with volume, breaking above resistance (~$110-120 area).
For bearish continuation: a close below ~$100 with momentum could trigger further decline.
🔍 My short verdict
LTC is in a cautious phase — not definitively bullish, and risk skewed toward downside unless key levels flip. If you’re trading, I'd wait for clear breakout or breakdown rather than entering now.
If you like, I can pull up the weekly chart and highlight potential support/resistance zones for next moves.