Litecoin 
$86.77 It attracted attention again after the sharp fluctuations in recent weeks. The price found support at the $85 level and reversed its direction. The altcoin, traded at $87.10, rose 1.11 percent during the day. Despite the 11.09 percent decrease on a weekly basis, the market value is 6.66 billion dollars and the transaction volume is 1.03 billion dollars. While technical indicators indicate that the selling pressure has eased, investors are waiting for the new direction to be determined.
Strong Defense at $85
The price chart clearly shows Litecoin’s efforts to form a short-term bottom. The price, which dropped to $80.10 in the last 24 hours, recovered to $88.82 with strong purchases. RSI indicator rose to 35.92 and moved away from the oversold zone, MACD The data indicates that the downward momentum has decreased with -0.26. Price, Bollinger BandIt jumped from the lower band of and the horizontal support line, signaling a short-term recovery.
Transaction volume data also supports this picture. While activity in the spot market increases, active Litecoin addressesThe number of s also started to rise. According to internal blockchain data, Litecoin has surpassed rivals such as Zcash in transaction traffic. In the same period, on November 3 Litecoin ETFThe inflow of $855,000 into ‘s showed a revival of institutional investor interest.
Critical Threshold for Bulls
According to market analysts Litecoin priceIt is critical for the price to remain above $85 for the continuation of the rise. Holding the price above this level may lead to resistance points at $90.95 and $93.36, respectively. In a more optimistic scenario, an attack potential of up to $102.45 may occur as the market sentiment changes and recovers. However, daily closes below $85 may increase the selling pressure again, risking a pullback towards $79.86.
When technical data and transaction behavior are evaluated together Litecoin marketIt seems that the balancing process has begun. An increase in both individual and corporate participation could support price stability in the short term. However, if the $85 defense is broken, the situation may quickly reverse.
