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$LTC /USDT: Litecoin Facing Short-Term Correction! 🐻
LTC is currently navigating a period of selling pressure. After touching a local peak of $56.01, the price faced rejection and is now sliding toward immediate support zones to find its next base.
📊 Technical Snapshot:
* Current Price: $54.48
* 24h High: $56.01
* 24h Low: $54.33
* Trend: Short-term Bearish Pullback
On the 1-hour timeframe, Litecoin is trading below both the MA7 ($54.66) and MA25 ($55.09), signaling that bears are momentarily in control of the trend. The price is currently testing the MA99 ($54.01), which stands as a critical support level to prevent a deeper slide toward the $50 psychological mark.
💡 Strategic Outlook:
* Immediate Resistance: The $55.10 zone (MA25 confluence) is now the primary barrier bulls need to reclaim.
* Key Support: $54.33 (24h low) and $54.01 (MA99) are the "must-hold" levels. A break below these could open the door for a retest of long-term support near $49–$50.
* Sentiment: Neutral-to-Bearish. While long-term whales have shown some activity, the short-term derivative data suggests rising short bets are keeping the pressure on.
Trading Tip: Caution is advised while price remains below $55.20. Look for a confirmed bounce from the $54.00 support or wait for a breakout above the resistance zone before considering long positions. Always secure your trades with a Stop Loss!
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