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According to CRYPTOWZRD on his recent poston X, Litecoin (LTC) ended the week with a bearish close, a move that’s being interpreted as part of a normal market cycle rather than a sign of weakness. Despite the pullback, the LTCBTC pair is showing promising signs of strength and is expected to rally in the coming week.
CRYPTOWZRD notes that the intraday chart development will be key in identifying the next viable scalp opportunity. As long as LTC continues to hold above the critical $100 level, the conditions remain favorable for a bullish breakout, potentially triggering the next leg up in the LTCBTC trading pair. The Bullish Catalyst That Could Propel Litecoin Higher
Providing further insight, CRYPTOWZRD explained that the daily candles for Litecoin and the LTCBTC pair closed lower today. He reassured that this short-term decline is not a cause for concern, especially since the broader picture remains bullish. Related Reading Litecoin Conviction Remains Strong: More Than 20% Of Supply Frozen Since 5+ Years 2 weeks ago
According to the analyst, Litecoin’s weekly candle closed with notable strength, hinting at sustained upward pressure in the days ahead. The LTCBTC pair also ended the week on a positive note, which could be an early sign of renewed bullish momentum. However, CRYPTOWZRD emphasized the importance of a more impulsive push from LTCBTC in the upcoming week to ignite Litecoin’s upswing. Litecoin uptrend to continue | Source: CRYPTOWZRD on X
He also noted that Litecoin and LTCBTC are currently tradingin extremely oversold conditions, a factor that typically precedes strong rebounds. With that in mind, CRYPTOWZRD plans to closely monitor intraday developments on the lower time frames tomorrow, looking to capitalize on any quick trading opportunities as the setup evolves. LTC/BTC Breakout Confirmed – Key Levels To Watch
Concluding his analysis, CRYPTOWZRD highlighted that Litecoin’s intraday chart remained highly volatile throughout the day, with the price now consolidating around the crucial $100 support zone. If buyers step in and drive a strong bullish move from here, it could open the door for a rallytoward the $109 target or possibly even higher. Related Reading Litecoin Breaks Under Parallel Channel: Analyst Predicts This Target 1 month ago
On the other hand, a failure to hold this support could lead to extended sideways movement, especially if Bitcoin remains uncertain or lacks directional momentum in the coming sessions. The broader market’s response, particularly from BTC, will likely influence Litecoin’s next move.
For now, CRYPTOWZRD advises waiting patiently for a clean and reliable setup to emerge before taking action. He emphasized that discipline is crucial in choppy conditions like these, and his focus will remain on tracking price development on lower time frames to spot the next favorable entry point. LTC trading at $102 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com