Litecoin (LTC) Ends the Week With a Bearish Close, But the BTC Market Remains Bullish

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According to recent statements by CRYPTOWZRD on X, Litecoin (LTC) experienced a bearish close to the week, a trend that's being attributed to normal market cycles rather than a sign of weakness.

Despite the pullback, the LTCBTC pair is showing promising signs of strength and is expected to rally in the coming week.

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Intraday chart development will be key in identifying the next viable scalp opportunity. As long as LTC manages to stay above the critical $100 level, the door remains open for a bullish breakout, potentially setting off the next leg up in the LTCBTC trading pair.

Chart by CRYPTOWZRD, shared on X

The daily candles for Litecoin and the LTCBTC pair closed lower today, but CRYPTOWZRD reassures that this short-term decline is not a cause for concern, especially since the broader picture remains bullish.

"No worries, LTC closed weekly candle with strength and LTCBTC ended the week in positive territory, which could be an early sign of renewed bullish pressure. However, we'll need to see more impulsive pushes from LTCBTC in the upcoming week to really ignite Litecoin's upswing."

CRYPTOWZRD further noted that Litecoin and LTCBTC are currently trading in extremely oversold conditions, a factor that typically precedes strong rebounds. With that in mind, CRYPTOWZRD will be closely monitoring intraday developments on the lower time frames tomorrow, looking to capitalize on any quick trading opportunities as the setup evolves.

"Both Litecoin and LTCBTC are becoming extremely oversold, which usually sets the stage for strong rebounds. Keeping an eye out for any quick trading opportunities as the setup unfolds on lower time frames tomorrow."

Concluding his analysis, CRYPTOWZRD highlighted that Litecoin's intraday chart remained highly volatile throughout the day, with the price now consolidating around the crucial $100 support zone.

If buyers step in and drive a strong bullish move from here, it could open the door for a rally toward the $109 target or possibly even higher. On the other hand, a failure to hold this support could lead to extended sideways movement, especially if Bitcoin remains uncertain or lacks directional momentum in the coming sessions.

The broader market's response, particularly from BTC, will likely influence Litecoin's next move. For now, CRYPTOWZRD advises waiting patiently for a clean and reliable setup to emerge before taking action. He emphasized that discipline is crucial in choppy conditions like these, and his focus will remain on tracking price development on lower time frames to spot the next favorable entry point.

"We'll need to wait patiently for a clean setup to emerge before taking action. Discipline is key in these choppy market conditions. My focus will remain on lower time frames to identify the next trading opportunity."