Litecoin

The recent movements in the cryptocurrency market have highlighted significant developments for Litecoin (LTC) and NEAR Protocol (NEAR). Analyzing these trends provides crucial insights into future price movements and trading opportunities.According to ZAYK Charts, an analyst stated that Litecoin has been confined to a descending channel during the daily timeframe, indicating a bearish trend. Recently, the price approached the upper trendline of this channel, which typically acts as a resistance level.The slight breach above this resistance may signal a bullish reversal or breakout. If <a href="https://cryptotale.org/analyst-advocates-litecoin-ltc-over-bitcoin-btc-amid-current-market-cycle/" rel="noopener noreferrer nofollow">Litecoin</a> maintains its upward momentum and breaks through the $73 - $77 resistance zone, it could reach the $85 - $90 range. More importantly, a sustained rally could drive the price towards the $101 - $103 target area, representing a significant gain from the breakout point.Conversely, if Litecoin fails to surpass the $73 - $77 resistance and falls back into the descending channel, it could test the $62 - $65 support level. A breakdown below this support might lead to further declines, potentially reaching the $50 - $53 range.As of press time, Litecoin is trading at $65.67, with a 24-hour trading volume of $294,677,034. Despite a slight decline of 0.71% in the last 24 hours, monitoring these key levels is essential for making informed trading decisions.Turning to the <a href="https://cryptotale.org/near-protocol-v67-release-boosts-ai-and-smart-contract-capabilities/" rel="noopener noreferrer nofollow">NEAR Protocol</a>, the situation is equally intriguing. The price of NEAR at publication is $3.75, reflecting a minor decline from the previous week. This price level is slightly below the closing price of last week&#39;s green candle, indicating a potential downward trend, as highlighted by Nebraskangooner, an analyst.<a href="https://cryptotale.org/ltc-eyes-101-as-near-faces-4-50-resistance-whats-next/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

LTC Eyes $101 as NEAR Faces $4.50 Resistance: What’s Next?

CryptoTale

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