Litecoin Hits Key Resistance
FenzoFx—Litecoin took buy-side liquidity at the $91.02 resistance, aligning with monthly highs. A bearish FVG emerged, signaling selling pressure in Tokyo's session.
LTC/USD trades around $90.53, with technical indicators showing overbought conditions. The Stochastic Oscillator at 81.0 suggests a potential bearish wave.
A bearish trend may form if LTC stabilizes below $91.02, targeting $86.77. However, if Litecoin breaks above this level with a bullish engulfing candlestick, the bearish outlook is invalidated.