Technical analysis by JustinNorok about Symbol LTC: Sell recommendation (8/29/2025)

Litecoin is showing a clear technical breakdown structure after losing its ascending trendline support. The price has tested the 115.07 resistance zone multiple times but failed to break above, confirming strong supply in that region Currently, the market is consolidating below the broken trendline, which has now turned into resistance. This indicates a possible distribution phase before another downside continuation. Bearish Scenario If price fails to reclaim the 115 level, we can expect further downside pressure. The next major supports are 104.54 Minor demand zone. 98.23 Key psychological & technical level. 91.57 Major support zone where a potential bounce may occur. Setup Expectation Price may attempt a short-term retest towards resistance (near 113–115), but if rejection occurs, sellers are likely to take control, pushing the price lower step by step until support zones are tested. This setup remains valid unless LTC closes a strong 4H candle above 115.07, which would invalidate the bearish structure and may trigger a new bullish leg. Conclusion Trendline break confirms bearish bias. Any rejection near resistance could accelerate momentum towards 98–91 support area. Caution for long entries until the market confirms reversal signals.