Litecoin Traders Eye Key Resistance at $45.80
The Litecoin outlook remains cautious as traders watch the $45.80 resistance level. The broader bearish market structure is still intact, and lower highs and lower lows are visible across recent months.
The daily chart shows a bearish trend, with previous recovery attempts failing beneath important resistance zones. However, the $42.00 support area continues to attract buying interest during pullbacks, preventing deeper declines despite persistent selling pressure.
The immediate short-term trading opportunity is defined by intraday levels, with $45.80 being the key resistance level for traders. Holding above this level could change the technical picture and allow buyers to target the $48.00 region.