- LTC trades near $84 while the daily chart shows weak movement and the market waits for new signs of strength.
- LTC needs a move above $85 to build a path toward $96 and later toward the larger zone at $112.
- LTC intraday action stays slow as traders track the last market day and wait for better setups.
LTC traded near $84.50 on November 28 as the daily chart showed a bearish close and the token moved below the $85 line that shaped recent intraday activity. The broader structure stayed weak as LTCBTC also closed in a soft zone and the market waited for clearer signals while Bitcoin prepared to guide weekend sentiment. The chart displayed $96 as the next resistance and showed $112 as a major barrier for future progress.
Daily Chart Shows Bearish Tone as LTC Stays Under $85
The daily candle for Litecoin closed in a bearish shape. LTCBTC also ended the day with weakness. The pair pushed lower and held below recent daily ranges. The market needed a stronger push from LTCBTC to help LTC regain momentum.
The chart showed $80 as the line where positive territory could form again. Above this point the structure offered more stability. The move above $96 would then act as the next major signal. This level shaped earlier reactions and marked the next resistance on the chart.
A wide zone sat higher at $112. This area played a key role during late summer when sharp swings formed around it. It stood as a target only if price reclaimed the middle zones. The daily structure showed no strong driver yet. Still the market watched these levels closely as the month closed.
Intraday Action Remains Slow as Volatility Waits to Build
The intraday chart displayed slow activity through the session. LTC traded under $85 and stayed near small support lines that shaped recent lows. The pattern did not show strong pressure yet. Still, further bearish movement stayed possible.
The day marked the final trading session of the month. It also marked the final day of the week in traditional markets. This period often brings random movement. This made the intraday structure less predictable as liquidity changed.
Traders waited for the next wave of volatility before entering new positions. The chart needed stronger swings to offer clean setups. The market still watched the $80 zone. This level formed an important base through previous declines. Price held above this level through the latest downturn.
Key Levels Shape the Path Toward $96 and $112
The chart displayed a long line that stretched from early autumn toward late November. This line cut across the main trend and influenced earlier rallies. The pattern showed how LTC repeatedly reacted near this path. A break above it would open a cleaner route toward $96.
The $96 zone marked a strong resistance point. This level capped several earlier rallies through October. Traders used this zone to track strength during sharp moves. The chart suggested this level would act again as a major test.
The next large barrier sat at $112. The chart showed several touches near this level during late summer. These touches produced strong shifts. Traders watched this level as a long-range target.
Support lines sat at $80 $68 $56, and $48. These lines defined earlier cycles and formed clean levels for future entries. The chart was held above the first line as the session closed. The market waited for a stronger spark before the next break.
