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After Litecoin falls below the key support level of $80, can LTC rebound? Next step trend analysis
Against the backdrop of sharp short-term fluctuations in Bitcoin prices, Litecoin (LTC) has recently performed noticeably weaker. On December 18, Bitcoin briefly rebounded to $89,500 before quickly falling back to around $84,500, causing market sentiment to turn cold. As a result, Litecoin dropped approximately 7.5% within just 5 hours, hitting a low of $72.64, marking a new stage low. Currently, the price has rebounded above $75, but the overall trend remains under pressure.
From a medium-term perspective, Litecoin has lost the key long-term support zone of $80–$84. Previously, the market generally regarded this range as a bullish defense line, but over the past two weeks, buying momentum has continued to weaken, and the bulls have failed to effectively hold their position. Even with Litecoin being included in the Bitwise 10 Largest Cryptocurrency Index ETF (BITW), it has not reversed its downward trend, indicating that market confidence remains insufficient.