Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Providing an update on Litecoin’s daily technical setup, Cryptowzrd noted in a recent X postthat LTC closed the session indecisively as LTCBTC responded to a spike in Bitcoin Dominance(BTC.D). With Bitcoin continuing to dictate overall market direction, the analyst mentioned plans to monitor LTC’s intraday chart for a potential quick scalp opportunity . LTCBTC Shows Early Bullish Signs Despite Caution
In his analysis, Cryptowzrd observed that both Litecoin(LTC) and LTCBTC closed the day with indecisive daily candles, reflecting market hesitation. Despite this uncertainty, LTCBTC managed to close slightly in the green, which could be an early sign of shifting momentum. However, the analyst stressed the need for stronger and more consistent daily candles from this level to confirm a sustainable move. Related Reading Litecoin Sharp Pullback: Scalping Opportunities Emerge While LTCBTC Seeks Stability 1 week ago
A critical resistance levelto watch is 0.0010 BTC for LTCBTC. Cryptowzrd highlighted that a clean breakout above this barrier could trigger an impulsive rally, given the pair’s extremely oversold condition. Such a breakout would likely push Litecoin sharply higher, with $140 identified as the major upside target. LTC bulls pushing for a breakout | Source: CRYPTOWZRD on X
On the support side, Litecoin’s key daily level sits at $96. Cryptowzrd cautioned that this support could be tested only if Bitcoinexperiences a sharp drop towards the $110,000 region, driven by panic selling. In such a case, LTC would likely follow BTC’s lead and retrace to test lower support levels.
Cryptowzrd highlighted that his attention will be on lower time frames in the near term, looking for short-term chart patterns to exploit quick trading opportunities. However, broader marketsentiment, especially Bitcoin’s price action, will remain the dominant factor influencing Litecoin’s direction. Litecoin Intraday Volatility Limits Clear Setup Formation
In his final remarks, Cryptowzrd noted that Litecoin’s intraday chart showed increased volatility throughout the day, making short-term tradingconditions less favorable. He emphasized the need for a clearer and more structured chart formation before considering any immediate entries. Related Reading Litecoin Is On Fire: $120–$125 Range In Bullish Crosshairs 1 week ago
A key level to watch is the $114.50 intraday resistance. According to Cryptowzrd, a move above this level would be a bullish signal and could invite further buying pressure. Additionally, a breakout above the intraday lower high trendlinewould likely accelerate upward momentum, potentially setting the stage for a stronger rally.
Despite these technical signals, the analyst emphasized that Bitcoin’s price action remains the primary driving force in the market. As such, any decision to enter a trade will depend on the development of a mature and well-defined setup, ideally supported by Bitcoin’s broader trend. For now, patience is key while waiting for the right conditions to align. LTC trading at $107 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com