LTC Technical Analysis: 23 APR 2025
LTC pushes for a golden cross formation between EMA-50 and EMA-200. Source: TradingView
General View
LTC bulls have been active as the price breaks past a major threshold of $80. Lately, this level had been functioning as a major pivotal rejection point. Bulls have managed to push the price above the 200 EMA on the 2-hour chart, enabling a golden cross formation. Now, if bulls maintain strength above the $80 mark, a sustained breakout could shift the broader structure back into bullish favor.
On The Upside
Litecoin is about to test the first intra-day resistance now at the $85.70 level. This is where slight profit-taking can’t be ruled out. However, if bulls sustain the strength, the upside can then stretch further higher towards the next intra-day resistance at the $88.80 and $92.25 levels.
On The Downside
LTC is now holding strength; meanwhile, if sellers want to negate the emerging signs of strength, they have to drag the price below $80. Unless that happens, bulls will remain in comfortable control. However, for the session, there is intra-day support now at the 83.95 level and $82.00.
LTC bulls are breaking past the bearish retest zone. Source: TradingView
