$LTC Latest Analysis:
Litecoin ($LTC ) has been showing solid price action recently, consolidating above key support levels. The recent surge in the broader crypto market has provided bullish momentum, and LTC is currently trading around the $100-$105 mark.
The 50-day moving average (MA) is trending upwards, signaling short-term bullish sentiment. However, it faces resistance around the $110 level, which has previously acted as a strong selling zone. If LTC can break above this level with solid volume, we may see a continuation toward $120, which is the next major resistance.
On the downside, key support lies at $95, with a potential drop to $90 if broader market conditions weaken. RSI is near neutral territory, indicating that LTC could move in either direction, depending on the market sentiment.
In conclusion, LTC is in a cautious uptrend, but a breakout above $110 could trigger further bullish action. Conversely, failure to hold above support could signal a deeper correction.#WhenWillBTCRebound #PreciousMetalsTurbulence #USPPIJump
