Litecoin bullish for now! $85-$96!
LTCUSDT On April 11, Litecoin broke above the resistance at
96, but the buyers could not hold the higher levels, which is evident from the long wick on the day's candlestick.Currently, the bears have managed to pull the LTC/USDT pair back to the 20-day EMA (
90). This is an important level to monitor because if the price breaks and closes below it, it could indicate a further downside for the pair towards the support level at $85. If the price rebounds from this level, the pair may trade within the range of 96 and 
85 for a few days.To maintain their advantage, the bulls need to push the price above
96, which could lead to a potential upward movement towards $106. Conversely, a breakdown below 85 could drag the pair towards $75.Let me know what you think!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.