Will Litecoin see a dip to $85 before its next push higher?

Litecoin retested the bullish order block at $81.6 and bounced to trade at $88.6 at the time of writing. More gains are expected, and the zone of resistance at $104 can be reached soon.

Timeline of Litecoin

Litecoin price analysis has been fairly volatile over the past few weeks, with the coin facing heavy selling pressure and dropping to lows of $89.14 today. Although the downtrend shows no signs of slowing down, there are still some key levels that could provide support for the coin.

Litecoin ($LTC), a cryptocurrency that's often referred to as the silver to Bitcoin's gold, has recently seen its hashrate hit a new all-time high, at a time in which its price keeps surging ahead of its upcoming halving event.

Data shows the Litecoin mining hashrate has hit a new all-time high, can this signal be positive for the price of the crypto? Litecoin Mining Hashrate Sets New All-Time High At 683.

Shiba Inu (CRYPTO: SHIB) surpassed Litecoin (CRYPTO: LTC) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB's market cap stood at $6.9 billion, while Litecoin's market cap was at $6.3 billion.

The latest Litecoin price analysis is strongly bullish as it shows the cryptocurrency price function is headed upward for today. The price of LTC/USD is going up as it has now touched $87.20.

The Litecoin (LTC) price trend can be considered bullish if the price does not break down below $79. The post Litecoin (LTC) Price Starts to Run out of Steam appeared first on BeInCrypto.

The Litecoin (LTC) price hovered below the $80 resistance level for over a month before breaking through it. The cryptocurrency's value rose even further today, reaching a high of $91 before retreating.

David Burkett, MWEB developer, posted new updates related to the Litecoin [LTC] network. Burkett mentioned that he continued working on PSBT, and quickly discovered some limitations in the initial design.

Litecoin [LTC] has performed impressively on the price charts in recent weeks. The breakout past the range highs in late November was significant, as this range has been in play since May.

There are heavy expectations regarding Litecoin [LTC] this year, especially with the upcoming 2023 halving. It appears that the market has already been preparing for a robust 2023, something which was evident in LTC's price action and hash rate.