![Litecoin [LTC] falls below $90: Bulls can seek re-entry at these levels](https://i.headtopics.com/images/2023/4/28/cryptoamb/litecoin-ltc-falls-below-90-bulls-can-seek-re-entr-litecoin-ltc-falls-below-90-bulls-can-seek-re-entr-1651799650670718976.webp)
Litecoin [LTC] attempts recovery after a massive bull trap on 26 April. Market fluctuations may still affect the asset’s short-term prospects.
faced price rejection at $30k on 26 April. The retracement pushed LTC below the $90 psychological level, but the ascending trendline support checked the drop.
However, if BTC reclaims the $30k price zone, LTC could close above $90. A pullback retest on $90 or confirmed uptrend continuation could see LTC rally the bearish order block of $103.05. If that happens, LTC could offer a good buying opportunity above $90.30, targeting $103.05. Conversely, a breach below the ascending trendline and $84 support level could expose the asset to more aggressive selling. The downswing could push LTC to $80 or the bullish order block to $77.20.LTC flashed mixed signals on the futures market. Notably, $4 million worth of long positions were wiped out on 26 April. As such, the rally beyond $90 turned out to be a bull trap after BTC retraced sharply.
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