Immy Dorse 
Litecoin Takes a Dip After Briefly Topping $130
Litecoin hit $130 earlier this week, but it didn’t last long. The price has since pulled back, leaving traders wondering where it might go next. The coin had been on an upward swing since late July, peaking around $147 before things started to stall. Right now, it’s stuck in a familiar range—between $80 on the low end and $140 at the upper limit.
But here’s the thing: even with the recent drop, some analysts think the bigger picture still looks decent. The price is hovering just under $130, and while that’s not exactly thrilling, it’s not a disaster either.
Is the Bullish Trend Still Alive?
For now, Litecoin is testing a key support level around the 21-day moving average. If that holds, we could see another push toward $133. If it doesn’t, well, things might get messy. A break below that support could send LTC tumbling toward $105—or even lower.
The indicators are a mixed bag. The moving averages are still pointing up, which usually suggests the uptrend isn’t dead yet. But the price bars are flirting dangerously close to that 21-day line. If they dip below, all bets are off.
Where’s the Next Big Move?
On the daily chart, there’s a chance the bears could take control, dragging Litecoin down to around $113. That said, the $117 support level has been holding steady for now, so maybe the worst-case scenario won’t play out.
It’s worth noting that back on August 9, Litecoin briefly slipped below the 21-day SMA before bouncing back from $103. Could we see a repeat? Maybe. Or maybe not. Crypto’s never that predictable.
For what it’s worth, resistance levels to watch are $100, $120, and $140. On the flip side, if things really go south, supports sit at $60, $40, and—well, let’s hope it doesn’t come to $20.
Of course, none of this is financial advice. Just one person’s take on where Litecoin might be headed. As always, do your own digging before making any moves. Prices swing fast, and what looks solid today might not hold tomorrow.
