![Litecoin [LTC] retests recent price floor; here’s where you can enter](https://i.headtopics.com/images/2023/5/2/cryptoamb/litecoin-ltc-retests-recent-price-floor-here-s-whe-litecoin-ltc-retests-recent-price-floor-here-s-whe-1653309099008745472.webp)
Litecoin [LTC] has fallen to the $85 support level with bears aiming to push its price even lower.
LTC’s second dip saw the coin fall from $102 to $84.85 between 18 April to 22 April. This invalidated the bullish market structure, as the dip broke the coin’s higher low trajectory.
Bulls were able to steam the bearish tide briefly, finding support at $85 to push the price back up to $91. However, the bearish order block and resistance at the $91 level thwarted the bullish rally. A daily candle close below $85 could see further selling pressure, pushing LTC toward the $80 mark. A look at the indicators showed a slight edge for the bears.
The RSI indicator stood at the 34 mark, approaching the oversold zone. The AO also posted five red bars in a row under the zero mark. This suggested that bears held a slight advantage. An important area for bulls will be the bullish order block just above the $80 support level. If bears break past $85, it could be an area where bulls look to reverse the bearish trend.
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