Support of buyers

After the support of Litecoin buyers completely broke the resistance of the $85-$91.5 range and turned this level into support, the correction and pullback to this support brought positive reactions.

The buying pressure continued up to the resistance range of $150.60 to $108.4, and by closely touching this range, we saw a negative reaction and profit savings by short-term buyers.

The continuation of the LTC trend can be considered between the specified levels.

The range that has been formed is expected to continue until the market is in favorable conditions again.

In general, until the current support is not broken, the price trend will not be downward in the short term and in the 4-hour timeframe. But if the 4-hour time trend is down, the price reduction can continue up to the support range of $69.90 to $73.30.