Disclaimer:\u00a0The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/em><\/p>\n Litecoin retested the bullish order block<\/a> at $81.6 and bounced to trade at $88.6 at the time of writing. More gains are expected, and the zone of resistance at $104 can be reached soon. On lower timeframes, momentum flipped bearishly and indicated a small pullback can occur.<\/p>\n Read Litecoin\u2019s Price Prediction<\/a> 2023-24<\/p>\n Bitcoin<\/a> has pushed higher to the $23.3k mark in recent hours of trading. The king also has a bullish bias, and until this changes, traders can expect altcoins to perform well.<\/p>\n Source: LTC\/USDT on TradingView<\/p>\n<\/div>\n The bullish order block on the daily timeframe formed on January 10, as the dip to $85 was followed by a swift move to $90.5. This signaled the bulls were strong in the vicinity of $85. This was proved once more recently.<\/p>\n A pullback from the $90 mark met with support at $81.6. A horizontal level of support at $80.65 was also present below and served to signal the strength of bulls in this region. Since this retest, Litecoin has noted gains of close to 8% at the time of writing.<\/p>\n Realistic or not, here\u2019s LTC\u2019s market cap in BTC\u2019s<\/a> terms<\/p>\n Lower timeframe charts such as the 1-hour showed a bearish market structure. This by itself was not sufficient to suggest a pullback to $85. To the north, the next major resistance lies at $93-$94. The $99-$107 also has a bearish order block. A retest of this area was likely given the strong bullish momentum and spot demand Litecoin saw in recent weeks.<\/p>\n The OBV underlined buying pressure as it formed higher lows since December 19. Meanwhile, the RSI formed a bearish divergence, but this need not play out immediately.<\/p>\n\n
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\nInefficiency has been filled and LTC looks to push higher after retesting the order block<\/h4>\n
![\"Will](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PP-2-LTC-price.png\")
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\nThe mean coin age showed an accumulation trend but the positive MVRV could see holders take profit soon<\/h4>\n
![\"Will](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/01\/PP-2-LTC-santiment.png\")
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