Litecoin Price Faces Key Support at $113 After Rejection from $131
LTC's recent price movements reflect significant uncertainty after a rejection at $131. The current critical support level is $113, which will influence its next direction:
- Failure to hold above $113 could lead to deeper losses.
- Renewed buying interest may occur if the support holds, potentially leading to a retest of $131.
- Breaking $131 with strong volume might open paths to $146.8 and higher.
- If LTC falls below $113, key support levels to watch are $97.9 and $89.7.
The Relative Strength Index (RSI) shows declining momentum, nearing the 50% threshold, indicating potential further downside if it drops below this level.
Traders should monitor these technical levels closely for Litecoin's future movements.
