The post Litecoin Tests Support Above $116 as MACD Signals Bullish Momentum Despite Daily Decline appeared on BitcoinEthereumNews.com.

Felix Pinkston
Oct 08, 2025 13:46

LTC trades at $116.19 with -1.33% daily loss but maintains position above key moving averages while technical indicators suggest potential upside momentum ahead.

Market Overview Litecoin trades at $116.19, down 1.33% in the past 24 hours within a trading range of $115.16 to $118.50. Despite the modest daily decline, LTC maintains its position above all major moving averages, with trading volume reaching $47.6 million. The cryptocurrency continues to demonstrate resilience above the psychological $115 level while technical indicators present mixed but increasingly bullish signals. Technical Picture The MACD indicator shows the strongest bullish signal with a positive histogram reading of 0.9766, suggesting momentum may be building for an upward move. LTC price sits 3.9% above the 20-day simple moving average at $111.85 and 2.5% above the 50-day SMA at $113.33, indicating short to medium-term trend strength. The most significant technical achievement remains the 17.5% premium to the 200-day SMA at $98.91, confirming the longer-term uptrend remains intact. The RSI reading of 54.8 places Litecoin in neutral territory, providing room for additional upside movement without entering overbought conditions. This positioning suggests that any breakout above current resistance levels could find technical support from momentum indicators. Critical Levels to Watch The immediate resistance at $124.86 represents the key breakout level that could signal a continuation of the broader uptrend. A sustained move above this level would likely target the next significant resistance zone and attract additional buying interest from momentum traders. Support at $100.25 serves as the critical floor for the current market structure. This level aligns closely with the 200-day moving average zone and represents where long-term buyers have historically emerged. A break below this support would signal a potential shift in market structure. The current pivot…

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Filed under: News - @ October 9, 2025 9:28 am