Litecoin has experienced a recent surge in price, fueled by volatile market conditions. After finding support at the $85 mark, Litecoin has risen to trade around $87.10, demonstrating a 1.11% daily increase. Despite these fluctuations, Litecoin’s market value remains robust, standing at $6.66 billion with a trading volume of $1.03 billion. While challenges persist, technical indicators suggest a decrease in selling pressure, leaving traders anticipating new directional signals. The recent surge is reflected in the price chart, which shows attempts to form a short-term bottom. A dip below $80.10 has been followed by a swift rebound, reaching $88.82 with strong buying activity. The RSI indicator has also climbed to 35.92, indicating an escape from oversold territory. Additionally, the MACD reading at -0.26 suggests a decline in downward momentum. This positive sentiment is further supported by trading volume data, which reveals increased Litecoin address participation and outpaced competitors like Zcash in transaction volume. A notable catalyst was the influx of $855,000 into Litecoin ETFs on November 3rd, igniting institutional interest. Analysts emphasize that maintaining a price above $85 is crucial for continuing the bullish trend. This level could pave the way for tests against resistance at $90.95 and $93.36. A broader market recovery might push Litecoin’s price even higher to potentially reach $102.45. However, a daily close below $85 could reignite selling pressure, possibly leading to a pullback to $79.86. Preliminary data suggests the Litecoin market is entering a stabilization phase with participation from both individual and institutional investors. This newfound stability could support short-term price stability, but failing to maintain the crucial $85 support level may lead to a negative change in the market outlook.