Litecoin Follows Bitcoin’s Momentum, But Resistance Looms At $79.60

According to CryptoWzrd’s daily update, Litecoin (LTC) closed the day on a bullish note, closely tracking Bitcoin’s overall market sentiment. While holding above $75.20 keeps the outlook positive, a break below this level would signal bearish pressure. Conversely, a retest of the $79.60 resistance coupled with signs of weakness could present a potential shorting opportunity. Litecoin Mirrors Bitcoin’s Momentum In Daily Close Based on CryptoWzrd analysis, both the daily candles for Litecoin and the LTC/BTC ratio closed in a bullish orientation today, largely mirroring the positive sentiment set by Bitcoin. However, the analyst cautioned that for the LTC/BTC pair to confirm a sustained bullish turn, it must continue to print more bullish daily candles from its current location. Related Reading: Why The Litecoin Price Could Stage A 33% Rally To $110 CryptoWzrd emphasized that Litecoin’s overall movement remains highly tethered to Bitcoin’s general market sentiment. For Litecoin, the immed