Litecoin Technical Analysis: Key Levels to Watch for Potential Breakout

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Providing an update on Litecoins daily technical setup, Cryptowzrd noted in a recent X post that LTC closed the session indecisively as LTCBTC responded to a spike in Bitcoin Dominance (BTC.D). With Bitcoin continuing to dictate overall market direction, the analyst mentioned plans to monitor LTCs intraday chart for a potential quick scalp opportunity .

In his analysis, Cryptowzrd observed that both Litecoin (LTC) and LTCBTC closed the day with indecisive daily candles, reflecting market hesitation. Despite this uncertainty, LTCBTC managed to close slightly in the green, which could be an early sign of shifting momentum. However, the analyst stressed the need for stronger and more consistent daily candles from this level to confirm a sustainable move.

A critical resistance level to watch is 0.0010 BTC for LTCBTC. Cryptowzrd highlighted that a clean breakout above this barrier could trigger an impulsive rally, given the pairs extremely oversold condition. Such a breakout would likely push Litecoin sharply higher, with $140 identified as the major upside target.

On the support side, Litecoins key daily level sits at $96. Cryptowzrd cautioned that this support could be tested only if Bitcoin experiences a sharp drop towards the $110,000 region, driven by panic selling. In such a case, LTC would likely follow BTCs lead and retrace to test lower support levels .

Cryptowzrd highlighted that his attention will be on lower time frames in the near term, looking for short-term chart patterns to exploit quick trading opportunities. However, broader market sentiment, especially Bitcoins price action, will remain the dominant factor influencing Litecoins direction.

In his final remarks, Cryptowzrd noted that Litecoins intraday chart showed increased volatility throughout the day, making short-term trading conditions less favorable. He emphasized the need for a clearer and more structured chart formation before considering any immediate entries.

A key level to watch is the $114.50 intraday resistance. According to Cryptowzrd, a move above this level would be a bullish signal and could invite further buying pressure. Additionally, a breakout above the intraday lower high trendline would likely accelerate upward momentum, potentially setting the stage for a stronger rally.

Despite these technical signals, the analyst emphasized that Bitcoins price action remains the primary driving force in the market. As such, any decision to enter a trade will depend on the development of a mature and well-defined setup, ideally supported by Bitcoins broader trend. For now, patience is key while waiting for the right conditions to align.

Featured image from Adobe Stock, chart from Tradingview.com