Eseandre Mordi
⬤ Litecoin's price is showing signs of stabilization after a sharp pullback, with the 4-hour chart revealing a fresh liquidity sweep and a solid bounce. LTC/USD briefly dipped below an earlier low before climbing back and settling into a range around the mid-$70s. The price recently swept through the October 10 wick—a move that typically shows up when corrections are running out of steam.
⬤ The bigger picture shows a classic five-wave correction to the downside. The latest drop bottomed out near $72, followed by a strong recovery and range formation. When price briefly broke below support, buyers stepped in immediately, and there was no follow-through selling after the liquidity grab. This reaction suggests the downward pressure has cooled off significantly compared to earlier in the correction.
⬤ Looking at the structure, there are two realistic scenarios from here. The final downward wave might already be done, considering the clean bounce from the lows and how price is staying within the range. Or, there could be one more slight dip below recent lows before things really get moving. Either way, the chart is showing a shift from aggressive selling into consolidation—which usually comes before a directional change.
⬤ This matters because extended corrections tend to resolve with a burst of volatility once the structure completes. For Litecoin, the liquidity sweep is done, the range is holding, and the corrective pattern looks nearly complete—all pointing to weakening downside momentum. With LTC staying above recent lows and maintaining stability in the $70s, how price behaves in this zone will likely shape near-term sentiment and determine whether the next move takes it higher.
Eseandre Mordi
