Litecoin Drops to $85.21 as Resistance at $88 Holds
Litecoin (LTC) attempted to rise above $88 but faced resistance, retreating to $85.21, down 3.17% from its peak and 1.5% over the last 24 hours. This decline erased previous week gains.
Key points:
- Resistance encountered between $88.00 and $88.42 during trading.
- New support established at $85.37 after a significant drop.
- Highest trading volume exceeded 180,000 tokens, indicating bearish sentiment.
- Short-term volatility noted with spikes around $85.65 to $86.05 before dropping back to $85.53.
- Current levels of interest are $86.05 (resistance) and $85.37 (support).
Traders are monitoring these levels for potential future movements.