Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.
Litecoin(LTC) wrapped up the day with an indecisive close, leaving traders on the edge of their seats. While LTC’s price action offered little clarity, the bigger picture may be unfolding elsewhere. According to market watchers, the real catalyst for Litecoin’s next significant move could come from Bitcoin Dominance(BTC.D). A shift in BTC.D could tip the scales, either paving the way for a bullish breakout or extending its current sideways drift. Litcoin And LTCBTC Await A Clear Signal
In a recent update, market analyst CRYPTOWZRD offered a detailed, cautious take on Litecoin’s current technical position while highlighting key factors to watch for a potential upside move. He observed that the LTC/USDT and LTC/BTC daily candles “closed indecisively,” a classic sign of market hesitation. Related Reading Market Expert Projects ‘Undervalued’ Litecoin To Soar At Least 1,000% — Here’s How 3 days ago
This kind of price behavior often reflects a lack of convictionfrom traders and can precede either a continuation or a reversal, depending on how subsequent candles develop. According to CRYPTOWZRD, what’s needed now are “more healthy candles” to confirm renewed bullish intent in the coming sessions. LTC gearing up for an upward move | Source: CRYPTOWRZD on X
A major factor influencing Litecoin’s outlook is Bitcoin dominance. CRYPTOWZRD explained that a decline in BTC.D would likely benefit altcoins like Litecoin, allowing LTCBTC to gain traction. If such a shift occurs, Litecoin could begin forming a bullish“W” reversal pattern, typically a reliable signal of a bottoming process and the start of a new upward trend. This pattern, if confirmed, would signal improving market sentiment around LTC and open the door for a stronger recovery.
CRYPTOWZRD is keeping a close eye on the $96 level, which he identified as a key threshold on the daily chart. A sustained move above this level could give Litecoin the strength to rally toward the $128 resistance area. “I will be tracking the intraday chart development,” he noted, suggesting that his next trade decision will be heavily influenced by how Bitcoin performs in the short term. Intraday Choppiness: A Battle For Direction
Sharing his thoughts on Litecoin’s intraday performance, the analyst described the chart as “choppy and slow” throughout the day, reflecting a lack of clear momentum in either direction. He emphasized that a decisive move above the $96 mark, followed by sustained price action at that level, could serve as a catalyst for a potential long toward the next significant resistance around $102 or possibly higher. Related Reading Litecoin Monthly Close Above Key Resistance Could Ignite 30% Rally – Is A Breakout Coming? 3 days ago
However, the analyst cautioned that failure to reclaim $96 may result in continued sideways volatility, with no strong directional bias in the near term. He also highlighted the role of Bitcoinin shaping Litecoin’s next move, noting that broader sentiment and movement in BTC will likely decide whether LTC breaks higher or remains range-bound. LTC trading at $95 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com