Bitcoin and altcoin’s early November performance mirrors October, where the market ignored historicals and fell to new lows. Will bulls show any interest in buying the range lows?
💡 DMK Insight
LTC’s current price of $87.41 is a critical juncture—traders need to watch for bullish momentum or further declines. With Bitcoin and altcoins mirroring October’s downturn, the market sentiment remains bearish. If bulls step in at these range lows, it could signal a reversal, but if they don’t, we might see LTC test lower support levels. Historically, when prices hover around key psychological levels, like this one, it often leads to increased volatility. Traders should keep an eye on volume indicators; a spike could indicate a potential reversal. Conversely, if volume remains low, it might suggest that sellers are still in control. Here’s the flip side: if the market continues to ignore historical patterns, we could see LTC drop below $80, which would open the door to further selling pressure. Watch for any news or macroeconomic factors that could shift sentiment, as these can have immediate impacts on price action. The next few days will be crucial for gauging whether this is a buying opportunity or a trap.
📮 Takeaway
Monitor LTC closely around $87.41; a failure to hold this level could lead to a drop below $80, triggering more selling.






