![Litecoin’s [LTC] price is compressed in a key range – Is a breakout likely?](https://i.headtopics.com/images/2023/5/5/cryptoamb/litecoin-s-ltc-price-is-compressed-in-a-key-range--litecoin-s-ltc-price-is-compressed-in-a-key-range--1654267916076953606.webp)
Litecoin [LTC] hangs on as market uncertainty hammers its long-term prospects - Can BTC’s recovery comes to its rescue?
dipped slightly on 3 May, but edged higher at press time, reclaiming $29k in the process. However, uncertainty still exists. Hence, BTC may not firmly hold on to the $29k price range and possible fluctuations will affect LTC.After hitting the supply zone and bearish order block at $103.5, LTC corrected but steadied near the $84-price level. Notably, the drop left behind an imbalance and FVG of $92.60 – $97.58 . The FVG blocked LTC’s recovery attempt in late April.
Notably, the lower support lines up with VRVP’s POC red line. It means the likely drop could see a strong rebound at this level. LTC also formed an ascending triangle pattern. The price action made the same highs at bearish OB and higher lows along the ascending trendline. It means an upside breakout above the bearish OB could be likely.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario funds LTC beds for Niagara Francophones - constructconnect.com - Daily Commercial NewsThe Ontario government has announced construction is underway at the new Foyer Richelieu Welland, a long-term-care home redevelopment project in the Niagara Region, one of 39 long-term-care projects in development with services for Francophone residents.
Read more »
Tesla resumes U.S. orders for Model 3 long-range version at lower priceTesla resumes U.S. orders for Model 3 long-range version at lower price — via drivingdotca autonews EV Tesla
Read more »
Tesla resumes U.S. orders for Model 3 long-range version at lower priceTesla resumes U.S. orders for Model 3 long-range version at lower price — via drivingdotca autonews EV Tesla
Read more »
Tesla resumes U.S. orders for Model 3 long-range version at lower priceTesla resumes U.S. orders for Model 3 long-range version at lower price — via drivingdotca autonews EV Tesla
Read more »
Tesla resumes U.S. orders for Model 3 long-range version at lower priceTesla resumes U.S. orders for Model 3 long-range version at lower price — via drivingdotca autonews EV Tesla
Read more »
Tesla resumes U.S. orders for Model 3 long-range version at lower priceTesla resumes U.S. orders for Model 3 long-range version at lower price — via drivingdotca autonews EV Tesla
Read more »