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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Litecoin Drifts Sideways—Intraday Action Tied To BTC Pulse

Godspower Owie
Godspower Owie
2 months ago
3 mins read
Litecoin

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Providing an update on Litecoin’s 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 LTC’s intraday chart for a potential quick scalp opportunity.

LTCBTC Shows Early Bullish Signs Despite Caution

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.

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Litecoin Sharp Pullback: Scalping Opportunities Emerge While LTCBTC Seeks Stability

2 months ago

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 pair’s extremely oversold condition. Such a breakout would likely push Litecoin sharply higher, with $140 identified as the major upside target.

Litecoin
LTC bulls pushing for a breakout | Source: CRYPTOWZRD on X

On the support side, Litecoin’s 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 BTC’s 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 Bitcoin’s price action, will remain the dominant factor influencing Litecoin’s direction.

Litecoin Intraday Volatility Limits Clear Setup Formation

In his final remarks, Cryptowzrd noted that Litecoin’s 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.

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Litecoin

Litecoin Is On Fire: $120–$125 Range In Bullish Crosshairs

2 months ago

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 Bitcoin’s 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 Bitcoin’s broader trend. For now, patience is key while waiting for the right conditions to align.

Litecoin
LTC trading at $107 on the 1D chart | Source: LTCUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
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Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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