Litecoin (LTC) has formed a bearish candlestick pattern on the daily chart, indicating a potential reversal in its recent bullish rally. The rejection from the $129 resistance zone further supports the bearish sentiment. The cryptocurrency is currently trading near the lower boundary of its re-accumulation zone, and a breakdown below this range could lead to a retest of the critical $100 support level. On-chain data also suggests a bearish outlook, with a high percentage of LTC addresses currently out of the money. Whale and investor concentration metrics indicate limited market confidence and hesitation at current price levels. Overall, there is a likelihood of Litecoin retesting the $100 level.



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