Past Performance of Litecoin
Litecoin is up three percent at press time and break-even versus the USDT in the past trading week. LTCUSDT prices are trending inside a narrow $10 range with caps at $73 and $63, respectively. Although there are hints of strengths, the failure of Litecoin bulls to conclusively close above $83 and the middle BB points to weakness.

#Litecoin Technical Analysis
LTCUSDT prices are within a tight consolidation with resistance at $73. Even though these are higher highs versus the lower BB, suggesting bullish momentum, sellers are in a commanding position. Notably, LTC prices are still in a bear breakout following losses below Q1 2022 lows. Additionally, Litecoin is capped within May 11 and 12 bear candlesticks . Overall, this is bearish from volume analysis. In the short term, sellers may unload on pullbacks towards $73.
Meanwhile, risk-averse can wait for a breakout formation to load, especially if prices surge above $73 and 83. Conversely, dips below $66 may heap more pressure on LTC. In that case, the coin may dump back to 2022 lows at $53.

What to Expect from LTC?
Litecoin is under immense selling pressure. Despite higher highs, the coin is capped to the upside at $73 by the flexible resistance line set by the middle BB.
Resistance level to watch out for: $73
Support level to watch out for: $63

Disclaimer: Opinions expressed are not investment advice. Do your research.