Litecoin Price Poised for a Move — Key Levels Traders Are Watching
Litecoin (LTC) has entered a critical juncture on the daily chart, with price action consolidating below the key $100 resistance level.
After bouncing between $93 and $101, the cryptocurrency is attempting to sustain its short-term uptrend, showing signs of momentum recovery backed by improving technical indicators.
Litecoin Momentum Strengthens Near Short-Term Resistance
The 9-day exponential moving average (EMA) has recently crossed above its prior level of stagnation, indicating that short-term momentum is beginning to shift in favor of the bulls. Although the 20-day EMA still hovers slightly above the 9-day EMA, the narrowing gap suggests a potential crossover — a signal that typically precedes an upward breakout.
Daily chart for LTC/USD (Source: GeckoTerminal)
The MACD histogram remains positive, showing continued bullish divergence. This reflects growing buying pressure, though the overall setup remains delicate as LTC trades near its immediate resistance at $100. A decisive close above this level could pave the way toward the next resistances at $105 and $109, potentially confirming a short-term trend reversal.
RSI and Market Sentiment Indicate Balanced Momentum
The Relative Strength Index (RSI) has recovered from oversold territory and now hovers near neutral levels, indicating that buyers are gradually regaining control after recent corrections. The RSI’s stabilization above the midline suggests that selling pressure has eased, but sustained volume and momentum will be required for Litecoin to break through the $100–$105 resistance zone.
Order Book Insights: Bid Walls Show Key Buyer Zones
Market depth data adds context to Litecoin’s next move. Significant bid walls exist at $98.26 (≈147,597 USDT), $92 (≈170,892 USDT), and $90 (≈351,223 USDT), underscoring strong buyer interest at these lower ranges. If the $98 wall breaks, the Litecoin price could slip around 1.7%, while a loss of $92 or $90 would risk deeper corrections of up to 10%.
On the upside, large ask walls are concentrated at $105 (≈306,944 USDT), $108 (≈400,667 USDT), and $109 (≈346,427 USDT). Clearing these levels could unlock upward momentum, potentially sending Litecoin 5–9% higher toward the next resistance levels as liquidity thins above $110.
Trading Strategy Outlook
For bullish traders, a confirmed close above $100 with increased volume could serve as a breakout entry, with profit targets near $105 and $109. In contrast, failure to hold above $98.50 could signal weakening momentum and offer potential short setups, with targets at $95 and $92 — the areas supported by strong bid activity.
While technical indicators lean cautiously bullish, the mixed signals between moving averages and resistance density suggest that traders should remain patient and wait for confirmation before committing to new positions.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
