Saad Ullah
⬤ Litecoin (LTC/USD) took a hard hit before finding some footing in the mid-$70s. Trading analysis suggests that a pullback to the $74 level could offer an attractive entry opportunity near the range low, assuming buyers defend that zone. Current price action shows LTC hovering around $76 after a steep drop and modest recovery attempt.
⬤ The chart reveals a sharp downward move that briefly broke below recent support structures before demand emerged. The $74 zone has become a focal point—it lines up with previous price reactions and looks like it could act as the floor of the current range. Right now, LTC is testing whether it can hold above this level or if further weakness is coming.
⬤ For now, Litecoin appears stuck in a range rather than trending in either direction. Selling pressure pushed price lower, but hasn't managed to break decisively below $74 yet, suggesting there's buying interest waiting at these levels. The setup points to consolidation mode, where how price behaves at the range edges matters most.
⬤ The $74 mark is now the key level to watch for Litecoin's next move. If it holds, we could see a push back toward higher resistance zones. If it fails, expect deeper losses. As one of the larger altcoins by market cap, how LTC handles this support could also signal where broader crypto sentiment is heading in the short term.
Saad Ullah
