Insights from the Market Desk by FenzoFx.com

[FxNews]

Bearish Pressure Eases—Can Litecoin Recover?




FenzoFx—Litecoin remains bearish after breaking below $93.55, though selling pressure eased near $83.0. Currently, LTC/USD is testing the bearish Fair Value Gap at $87.5. A recovery toward $93.55 is possible if price closes above the $88.0–$90.0 zone, allowing bullish momentum to extend toward $92.00.

However, a dip below $85.0 would invalidate this outlook, with the next bearish target at $81.0.

[FxNews]

Litecoin’s Sharp Drop—Will the Downtrend Continue?




FenzoFx—Litecoin dropped 6.2% yesterday, marking its largest daily range this week. It failed to hold within the High Volume Node box, and selling pressure in the Asian session pushed the price below weekly support to a new low of $89.3.

Currently, LTC/USD is consolidating near the 61.8% Fibonacci retracement level, a key resistance zone. If this level holds, the downtrend may resume, targeting weekly support levels.

Given that Litecoin has already reached its average daily range, no major moves are expected today.

[FxNews]

LTC Approaching Key Resistance: What’s Next?




FenzoFx—Litecoin (LTC) gained $2.0, reaching $96.9 and approaching weekly highs. During the London session, it is preparing for the next bullish move, with a potential test of $97.88 in New York to complete its range increase.

However, entering long at this level is risky in the short term. A retest of the FVG area ($94.0–$95.0) may occur in the late New York session before further gains. As long as LTC holds above $93.1, the bullish trend remains intact, with $97.8 as the immediate target and $104.0 expected later this week.

[FxNews]

XRP's Path Forward: Will the Uptrend Continue?





FenzoFx—XRP (Ripple) rose from $2.266, validating this demand zone for the week. The uptrend stalled at $2.360 during the early London session due to profit-taking and new market participants.

We expect XRP/USD to decline toward the FVG area at $2.30–$2.31 before resuming its uptrend. A break above $2.36 could trigger a move toward $2.38, followed by $2.40.

The bullish outlook is invalidated if XRP falls below the $2.26 support level.

[FxNews]

XRP (Ripple) is at a Critical Supply Zone: Will it Fall or Rise?




FenzoFx—Ripple (XRP) is testing the resistance level, which expands from $2.40 to $2.46, with the Stochastic Oscillator hinting at an overbought market. A new bearish wave could emerge if the resistance holds. In this scenario, the price could dip toward the 50.0% Fibonacci retracement level at $2.37, backed by the 50-SMA.

The bearish outlook should be invalidated if XRP/USD exceeds and stabilizes above $2.46.

[FxNews]

Litecoin Approaches $104 Resistance




FenzoFx—Litecoin's uptrend from $93.35 continued, reaching $100.00. Price is now targeting the $103.00–$104.00 resistance zone, where selling pressure may emerge.

A pullback to $98.00 is possible if the level holds. Traders should watch for bearish signals during the NY session.

[FxNews]

EUR/USD is Near a Strong Supply Zone: A Technical Analysis




FenozFx—EUR/USD bullish run is nearing the $1.4020 resistance. This level of supply is significant because previously the currency pair experienced a sell-off from this point.

From a technical perspective, the current uptick in momentum will likely extend to $1.4020. But the pair will likely begin consolidating by losing 30 to 50% of its value before the uptrend resumes.

Traders and investors should monitor the $1.4020 area closely for bearish signals in a lower timeframe such as candlestick patterns during the NY session.

[FxNews]

GBP/USD Forms a New Bearish Wave



FenzoFx—GBP/USD tested the 1.3414 high for the third time since late April, currently forming a long wick bearish candlestick pattern in the daily chart.

From a technical perspective, a new bearish wave could be on the horizon if this level holds. In this scenario, the next bearish target could be the 1.3145 support.

[FxNews]

Litecoin Technical Analysis





FenzoFx—Litecoin is holding strong at the $93.35 support, fueling a new bullish wave. Bears tested this level in the last session, but it remained intact. As long as LTC stays above $93.35, the next target is $100.12, with potential for $102.95 if buying pressure increases.

[FxNews]

LTC Once Again Presents a Buying Opportunity for Scalpers





FenzoFx—Litecoin once again is testing the $93.0 resistance area, while the price has been below the 50-period simple moving average. This level hasn't been fully tested; therefore, if it holds, LTC will likely rise toward the $100.0 resistance.

Please note that a new bearish wave toward $88.0 could develop if LTC/USD dips and stabilizes below the aforementioned support area.