Litecoin Approaches $100 Resistance: Breakout Imminent?

Litecoin’s price climbed 8% on Thursday, driven by broader market optimism. While recent gains are encouraging, Litecoin still faces a downtrend requiring it to overcome resistance around $80 to reverse this pattern. This dynamic has sparked speculation about a potential turnaround. Despite short-term volatility, the cryptocurrency’s long-term trend remains downward. The key to breaking out of its downward trajectory lies in surpassing the $80 level.