Litecoin Follows Bitcoin’s Momentum, Resistance Critical At $79.60

Recent analysis by CryptoWzrd highlights Litecoin's (LTC) market movements, aligning closely with Bitcoin's sentiment.

Litecoin closed the day bullishly, mimicking Bitcoin's positive trend.
The key level for maintaining a positive outlook is above $80. A close below this suggests a bearish turn, targeting support around $68.
Intraday volatility is noted, requiring careful entry strategies for traders.
A retest of $75.20 with a bullish reversal pattern supports a positive trend. Conversely, a break below signals bearish continuation.
Testing $79.60 resistance and showing weakness could offer shorting opportunities.

Traders are advised to wait for clear directional signals before committing to trades, especially given the low-liquidity weekend sessions.

Litecoin