LTC Technical Analysis: 13 APR 2025
LTC hitting hard make or break resistance levels. Source: TradingView
General View
Litecoin has staged a strong recovery following the sharp selloff. After establishing a local bottom around the $67 region, price has steadily climbed higher, forming a clear ascending trendline on the lower timeframes. This climb has brought LTC back into a key resistance zone that previously triggered a major breakdown. The Price is now hovering just beneath that supply area, indicating that bulls are attempting to absorb selling pressure. If this upward momentum holds, Litecoin will push higher, meanwhile, a rejection here will knock off the emerging momentum.
On The Upside
Buyers have shown resilience, pushing the price toward the $80 region, where a major structural resistance awaits. This level, marked by previous breakdowns and aggressive selling, needs to be cleared for bullish continuation to remain in play. A strong close above $82.20 would open the upside potential towards $85.70 and $92.20.
On The Downside
While the short-term structure remains bullish with higher lows and an intact ascending trendline, the price is still trading below a major resistance zone. A failure to break above this level could trigger a rejection, especially if the ascending trendline is breached. If sellers regain control, a pullback toward $73.50 could be followed by a retest of the base support between $70 and $68.
LTC bulls are about to test an important daily based region. Source: TradingView
