LTCUSD INTRADAY oversold bounce back capped at 880,00
Market Sentiment:
The prevailing trend for LTCUSD remains bearish, with the recent price action appearing to be an oversold bounce rather than a sustained recovery.
Key Levels:
Resistance: 880.00 (Previous consolidation zone)
Support Levels: 672.60 followed by 630.20 and 577.50
Potential Scenarios:
Bearish Continuation: If LTCUSD fails to break above 800.00 and faces rejection, it could resume its downtrend, targeting 672.60 initially, followed by 630.20 and 577.50 over the longer term.
Bullish Breakout: A confirmed breakout and daily close