Litecoin Struggles with Ongoing Chart Weakness Amid Persistent Selling Pressure

Market Sentiment and Price Action: Litecoin is experiencing bearish pressure, with sellers guiding the price toward support levels around $82–$83, while market sentiment remains closely tied to Bitcoin's movements.

Daily Chart Analysis: The daily chart indicates ongoing weakness, as Litecoin closes below key resistance levels of $96 to $101, preventing the formation of a bullish base and signaling reduced demand.

Intraday Trading Dynamics: Recent intraday action shows choppy price movements with repeated lower highs, indicating a cautious market environment where selling pressure outweighs demand.

Support and Resistance Levels: Litecoin is near a critical support zone at $82.83, with potential downside to the psychological level of $80 if this support fails; upside movement is limited by resistance around $85 to $86.