Litecoin Ends Day Bearish, Awaits Bitcoin Dominance Shift

Litecoin's price movement has been closely tied to Bitcoin's, with the cryptocurrency closing the day on a bearish note. This correlation suggests that Litecoin's performance is heavily influenced by broader market sentiment and Bitcoin's directional moves. The LTCBTC pair ended the session indecisively, offering no clear signal of strength or weakness against Bitcoin. For a sustained upside move in Litecoin, healthier and more constructive candles are needed on the LTCBTC chart. Without stronger signals from this pair, confidence in a breakout remains limited. A decline in Bitcoin dominance would be a critical factor in unlocking altcoin momentum, including for Litecoin.

From a technical standpoint, Litecoin is currently aiming for the $96 daily resistance level. A successful push above this barrier could open the door for a stronger rally, potentially extending toward the $128 resistance zone. However, that scenario depends on supportive market conditions and renewed strength across altcoin charts. On the downside, $80 stands out as the key daily support level that traders should monitor. A breakdown below this zone could trigger a deeper correction and delay any near-term bullish ambitions. Maintaining support above this level would be crucial in preserving the broader structure and keeping upward targets in play.

Looking ahead, the focus is on the lower time frames to spot potential scalp opportunities. By analyzing intraday chart formations, traders aim to capitalize on short-term price movements while the broader market context unfolds. Traders following LTC closely will want to keep an eye on these short-term setups for quick entries and exits amid ongoing volatility. Today’s intraday chart for Litecoin was marked by volatility and a bearish tone, making it a challenging environment for clean trade setups. The importance of waiting for a more favorable trading location before entering any positions is emphasized, as the current conditions lacked clear direction and structure.

A move above the $90 intraday resistance would be a positive signal and could present a potential long opportunity. However, if the price gets rejected at that level, it may lead to further downside pressure. For now, the market is being observed to establish a healthier setup before taking action.