Litecoin Price Analysis: Key Resistance at $101.50 Could Trigger Move to $112

Litecoin (LTC)

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  • LTC trades below $96 with bearish daily and intraday charts.
  • Break above $101.50 could target $112; failure risks a drop below $91.50.
  • Bitcoin continues to guide Litecoin’s market direction.

Litecoin (LTC) is struggling to find footing below the $96 mark as both daily and intraday charts indicate mounting bearish pressure. With Bitcoin continuing to influence the broader market, traders are closely monitoring key resistance and support levels, particularly $101.50 and $91.50, to anticipate Litecoin’s next move. The question looming over the market is whether LTC can rally toward $112 or slide further into weaker territory.

Daily Chart Highlights Bearish Pressure

The daily chart paints a cautious picture for Litecoin. A bearish candle close below $96 reinforces the downward momentum, mirroring BTC’s current trend. Analysts note that LTCBTC pairs also closed in the red, reflecting broader market weakness.

The $112 level remains a key target for bullish traders, representing a well-established resistance point. A sustained move above $101.50 is essential to trigger any meaningful upward momentum. Support layers below $96, especially near $91.50, define the risk zones that could dictate whether LTC continues to hold or slides further.

Intraday Structure Signals Short-Term Opportunity

Short-term charts reveal a mixed scenario of volatility and consolidation. Litecoin’s intraday structure is holding within a broad support zone, tested multiple times over recent sessions. A breakout above $101.50 could ignite a bullish reversal, providing a short-term trading opportunity.

However, failure to surpass this resistance may result in sideways movement or a drop toward the $91.50 support level. Traders watching intraday charts are particularly alert to this pivot zone, as it determines the next actionable move.

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Broader Market Context Shapes Strategy

Litecoin’s overall pattern indicates a series of swings building toward a decisive trend. The central market question is clear: Can LTC overcome $101.50 to challenge $112, or will it retreat into the lower range? Bitcoin’s performance remains a key determinant, highlighting the interconnectedness of crypto markets.

For traders, patience and careful monitoring of these critical levels are essential. The market is at a juncture where a single clean move could define the next trend phase for Litecoin.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.