Litecoin (LTC) has stabilized above the $113 level after a recent correction, with traders watching key support and resistance zones to gauge the next major move.
The LTC/USDT pair has been trading in a volatile range over the past month. After rallying toward the $132 region in early August, Litecoin faced heavy selling pressure, sending prices back into the green demand zone between $108 and $110. So far, buyers have managed to defend this level, keeping the broader uptrend intact.
The chart highlights strong support at $108–$110, which has acted as a buffer during multiple pullbacks. Analysts note that holding this area is critical for bulls to maintain momentum.
On the upside, Litecoin faces resistance around $116–$118, followed by a stronger supply zone at $130–$132. A decisive breakout above $118 would open the door for a retest of the $130 level, which has capped gains on several occasions.
“Litecoin is consolidating in a healthy manner. As long as it holds above $110, the structure remains bullish in the medium term. A close above $118 could attract fresh buyers and fuel another rally,” said  BITX technical strategist.
The broader crypto market has been moving sideways, and Litecoin has mirrored that sentiment with reduced trading volume compared to July. Despite the recent dip, many traders remain optimistic that LTC’s long-term uptrend remains intact as long as it stays above the $100 mark.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.