Litecoin shows clear signs of bottoming out. Can the key support at $82 hold?

Question

【Crypto World】Litecoin has recently shown several stable signals. On the daily chart, the previous downward momentum is gradually weakening, and the overall pattern shows signs of an upward breakout. Technically, the support level at $82.12 is very critical—holding it could lead to a rebound opportunity, while breaking below would require reassessment. Looking upward, the $85.82 to $86.87 range is a tough nut to crack; bulls need to break through this area to truly reverse the situation.

The performance of MACD and RSI is worth paying attention to; currently, both indicators are hinting at cautious bullish signals. But signals alone are not enough; clear breakout actions are needed to confirm. If Litecoin can effectively stay above the resistance zone, the sustainability of the rebound can gain real support. The current key is to wait for this signal, and once confirmed, take action.

PonziDetector · Accepted Answer

It's good if 82 can hold, otherwise it will drop again. The technicals actually look a bit hopeful.

BlockchainGriller · Answer

If you can't hold onto 82, then you have to admit defeat. Don't overthink it.

GateUser-4745f9ce · Answer

82 bucks, can't hold it anymore. Every time I say this, it still breaks in the end... If it rebounds this time, I'll livestream eating my keyboard.

FudVaccinator · Answer

If we can't hold 82, let's just go mine coal directly. This rebound signal is just talk day after day.

RugDocScientist · Answer

82 dollars is really a hurdle. Once broken, I give up.

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After talking for so long, we still have to wait for a breakout. This is the nature of technical analysis.

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Hard bones are hard bones, but I bet it can bite through.

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What do MACD and RSI both hint at? I feel like there's a chance this time.

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Rather than analyzing these, it's better to wait for a clear signal to be more straightforward.

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The sustainability of the rebound depends on a breakout; otherwise, it's all pointless.

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Damn, it's another wait. When will we see confirmation?

CryptoWageSlave · Answer

If I can't hold the $82, I'll go all-in short directly.

VitaliksTwin · Answer

The 82-dollar mark really needs to be held, or there's no hope left.

Waiting for a breakout signal; just looking at indicators isn't enough, you need to take real action.

Above 86 dollars is what we call a turnaround; it's too early to say anything now.

Feels like we're just telling stories again. Good indicators are good, but what about trading volume?

Can Litecoin make it this time? We said the same thing last year, and the result was...

CryptoSourGrape · Answer

If I had sold at 82 back then, I wouldn't have to look at these fake and real signals now... Sigh.

Litecoin shows clear signs of bottoming out. Can the key support at $82 hold?

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