$LTC Range Resistance Test Momentum Fading Near Highs

NYSE:LTC Update

In my opinion, LTC is testing the range resistance again, but the structure looks a bit overextended after the recent push up.

Even though there’s short-term bullish momentum from BTC, LTC is still in a broader bearish structure, and this area around 55.7 looks like a strong resistance zone.

This is already multiple tests of resistance, but instead of a clean breakout, price is starting to slow down near the highs, which could lead to a rejection.

There’s also a possibility of a liquidity sweep below, targeting the 55.2 – 54.7 support zone before any further move.

If we fail to break and hold above 55.7, I think we could see a pullback back into the range.

Key levels:
• Resistance: 55.7 → 56.6
• Support: 55.2 → 54.7

Right now, it feels like upside is getting weaker, and a short-term downside move looks more likely before any breakout.