Potential inverted head and shoulder pattern observed.
LTC struggles to surpass the $68 supply zone and 50-day EMA.
The market was negatively affected by hawkish comments from Fed’s Powell.
Litecoin price at $64.26 with the potential of a bullish pattern if it reverses from the $61-$60 zone.
12% recovery from $55.79 showcases strong bullish sentiment.
The RSI and MACD indicate signs of a potential recovery.
The LTC price might reach $100 if it breaks through the $68 and $80 resistance levels, but could fall to $50 if the downtrend continues.
LTC struggles to surpass the $68 supply zone and 50-day EMA.
The market was negatively affected by hawkish comments from Fed’s Powell.
Litecoin price at $64.26 with the potential of a bullish pattern if it reverses from the $61-$60 zone.
12% recovery from $55.79 showcases strong bullish sentiment.
The RSI and MACD indicate signs of a potential recovery.
The LTC price might reach $100 if it breaks through the $68 and $80 resistance levels, but could fall to $50 if the downtrend continues.