Litecoin and Ordinals Show Mixed Signals, Traders Cautious

• Litecoin and ORDI show recovery signs, with LTC at $70.66 and ORDI at $35.74, despite previous downward trends.
• Both coins have rising trading volumes, with LTC up 54.21% and ORDI up 52.89%, indicating renewed market interest.
• Technical indicators suggest LTC and ORDI face short-term pressures, with RSI and MACD pointing to potential oversold conditions.

Litecoin (LTC) and Ordinals (ORDI) are experiencing mixed signals in the market, with recent price increases met with technical indicators suggesting potential for further volatility.

Currently, Litecoin (LTC) is priced at $70.66, reflecting a 0.89% increase over the past 24 hours. The market capitalization stands at approximately $5.26 billion, also increasing by 0.89%. However, the 24-hour trading volume has risen by a notable 54.21%, reaching around $524.61 million.

Source: Coinmarketcap

The chart indicates that LTC’s recent support level is around $68.00, a point where the price has rebounded multiple times. Conversely, the resistance level is approximately $71.63, marking the peak before the recent decline.

LTC/USD 1-day price chart, Source: Trading view

The price trend shows a downwa…

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