Litecoin’s price recently experienced a flash crash and hit a bottom on September 21. The recovery seems to be progressing well, with a significant uptrend that passed a key resistance level at $160.86. Buyers need to maintain this level to confirm their presence and solidify the positive momentum.
After forming a potential bottom at $145.40, Litecoin’s price surged by 15% and surpassed the resistance level at $160.86. It is essential for buyers to hold above this level to secure a successful flip, potentially pushing the price up to the immediate supply barrier at $178.39. Despite the possibility of temporary setbacks, a quick recovery from any bearish moves could keep LTC on track for further bullish advances.
