Litecoin (LTC) has recently surpassed its trendline resistance, signalling a potential breakout on the charts. At the time of writing, LTC was trading at $89.11
Litecoin (LTC) price seems to have stalled at a crucial resistance zone despite showing promising technical signs and strong network metrics.
LTC price showed signs of slowing down the rally as it faced resistance at the $89-$93 range. However, a clean breakout above $93 could see Litecoin pointing towards the subsequent significant barrier around $100-$104.
On the other hand, a breakdown of this zone might see the price of LTC pulling back to the $76 support level and further plunging to $72 if the bear pressure intensifies.
Litecoin (LTC) price showed promising signs of stalling at a crucial resistance zone. The last trading session saw LTC price attempt to break through the $89-$93 range but was unable to do so. A clean breakout above $93 could see Litecoin pointing towards the subsequent significant barrier around $100-$104. However, a breakdown of this zone might see the price of LTC pulling back to the $76 support level and further plunging to $72 if the bear pressure intensifies.
Litecoin (LTC) price showed signs of slowing down the rally as it faced resistance at the $89-$93 range. However, a clean breakout above $93 could see Litecoin pointing towards the subsequent significant barrier around $100-$104. On the other hand, a breakdown of this zone might see the price of LTC pulling back to the $76 support level and further plunging to $72 if the bear pressure intensifies.
Litecoin (LTC) price showed promising signs of stalling at a crucial resistance zone. The last trading session saw LTC price attempt to break through the $89-$93 range but was unable to do so. A clean breakout above $93 could see Litecoin pointing towards the subsequent significant barrier around $100-$104. However, a breakdown of this zone might see the price of LTC pulling back to the $76 support level and further plunging to $72 if the bear pressure intensifies.
Litecoin (LTC) price showed signs of slowing down the rally as it faced resistance at the $89-$93 range. However, a clean breakout above $93 could see Litecoin pointing towards the subsequent significant barrier around $100-$104. On the other hand, a breakdown of this zone might see the price of LTC pulling back to the $76 support level and further plunging to $72 if the bear pressure intensifies.
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