Litecoin (LTC) has rebounded by 1.11% to $87.10 after reaching oversold RSI levels, maintaining its $85 support. This recovery is supported by institutional ETF inflows totaling $855,000 on November 3, which have improved market sentiment. Despite a 5.01% drop in daily trading volume to $1.03 billion, the price remains stable.
If Litecoin bulls can sustain the price above the $85 mark, the cryptocurrency may test resistance levels at $90.95 and $93.36. Conversely, a breakdown below the current support could lead to a retest of the $79.86 level.
Litecoin Rebounds as Institutional Inflows Boost Market Sentiment
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