Artem Voloskovets
⬤ Litecoin has started recovering after hitting a fresh low on December 1, with the price now holding steady above the $82 support level. The move marks a corrective bounce from November's peak decline, showing a clear retracement pattern emerging after the recent selloff.
⬤ The current bounce is heading toward the 50 percent retracement level near $94, which lines up with a key resistance cluster between $91 and $99. This zone draws attention because several descending trend lines meet in the same area, making it a natural price magnet. LTC previously found support between $78 and $80, where buyers stepped in after the sharp drop.
⬤ While there's some resistance around $86 to $87 from earlier rally attempts, the main technical focus stays on that broader $91 to $99 zone. Until the price tests this area, the recovery is still just a correction within the larger downtrend that started after November's high.
⬤ This matters because Litecoin has been sliding for weeks, and whether it can push into this well-defined resistance zone will show how much strength is really behind this rebound. How LTC behaves at these levels will give traders a clearer picture of what comes next for the asset.
Artem Voloskovets
