Will Litecoin Bounce Back? $113 Becomes Key After Recent Rejection

Quick Summary:

The Relative Strength Index (RSI), which measures momentum, is trending lower and approaching the 50% threshold, a critical level that often determines whether bullish or bearish sentiment prevails.  A sustained drop below this level would reflect weakening buying strength and increasing selling pressure, reinforcing the potential for further downside movement.What’s Next?

LTC’s Rejection: What It Means For The Short-Term Trend Following the rejection that halted bullish momentum at $131, Litecoin has continued to exhibit bearish tendencies, struggling to regain upward traction.

Related Reading: Analyst Says Litecoin Will Outperform Bitcoin And Large Cap Cryptos With 11,000% Breakout On the downside, if selling pressure intensifies and Litecoin falls below $113, the next major support levels to watch would be $97.9 and $89.7.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: LTC news Litecoin price Ltc/usd Litecoin Litecoin news Ltc price Relative Strength Index LTCUSDT RSI Ltc

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 20:00:55 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26108016

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Main Topics: Crypto

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