Litecoin next support lies at $85!
LTCUSDT Litecoin broke above the immediate resistance of
96, but it couldn't sustain the higher levels and faced aggressive profit-booking by the bears. This suggests that the bulls may be losing their strength and selling could accelerate further if the price dips below the 20-day EMA (
94). If that happens, the LTC/USDT pair may decline to $85.However, if the price turns up from the current level, it may suggest that bulls are accumulating at lower levels, and they may attempt to push the price to the stiff overhead resistance at $106.
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