The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. Price noted a decline as LTC receded from the overbought zone. Buyers still have the upper hand on the chart but a continued fall in accumulation will cause bears to secure Litecoin’s price action.
Litecoin met with two rigid resistance levels before it started to move south again. Immediate resistance stood at $90, and if demand for the altcoin remains steady, then LTC might breach the $90 price mark. A continued price correction will force LTC to fall below the $86 price mark and settle at $82.
Litecoin (LTC) Displays Consolidation – Can We Expect a Reversal Soon?
