Against the backdrop of a general market decline, Litecoin continues to show signs of recovery in spite of a recent dip, with price and trading volumes on the rise.
Current Market Situation
Bitcoin has dropped to the $82,000 range before climbing back to $86K. Ethereum also faced losses, falling to $2,300. However, Litecoin stands out with signs of recovery.
Litecoin's Growth in the Last 24 Hours
Over the past 24 hours, Litecoin has seen a 9.31% increase, returning to previous resistance levels. The cryptocurrency is currently trading at $129.62 after a recent low of $106.
Forecasts and Expectations
Litecoin might sustain its positive momentum according to current chart trends. Its bull power indicator is at 4.35, bear power at -1.02, and RSI indicates a neutral market sentiment at 55.82.
Despite a general market downturn, Litecoin shows recovery potential with its price and trading volume increase. Whether this trend continues remains a question for experts.
