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Litecoin is stuck in a consolidation phase; a breakout requires sufficient volume.
【Crypto World】 Recently, Litecoin’s price volatility has noticeably narrowed. Currently, the price is oscillating around $75, stuck between the resistance levels of $82-90 and $95-110, with no significant breakthrough. The underlying issue is quite realistic — buying enthusiasm is waning, panic selling is increasing, and funds are quietly withdrawing.
From a technical perspective, for Litecoin to achieve a genuine rebound, the current trading volume is insufficient. It must break back above the critical zone of $82-85, and this needs to be supported by increased volume. Otherwise, the risk of a downward move is building up. The first support level is at $72, and if it continues to fall, $68-65 will become the next target.
Volatility has contracted, and market sentiment has cooled — this is the current situation. To turn the tide, a reactivation of trading volume is necessary.