The post Will $80 Support Hold or Break Down? appeared on BitcoinEthereumNews.com.  Key Insights: Litecoin hovers at $80–$83, testing major trendline and demand zone from mid-2023. Daily close below $80 could push LTC toward $75, with $70 as the next support zone. Wyckoff pattern signals a deeper drop to $45 or $25 if the markdown phase continues playing out. LTC on the Edge: Will $80 Support Hold or Break Down? Litecoin (LTC) was trading around $83.92, placing it right inside the $80–$83 demand zone, which has acted as a solid support area in past sessions. This zone also aligns with a rising trendline visible on the daily chart since mid-2023. Traders are closely watching how the price reacts here, as it may determine the short-term direction. Analyst Mayank Dudeja noted, “Above $80–$83 → structure stays bullish with targets at $89–$92, then $100.” A bounce from the current level could bring $89–$92 into focus, followed by the 200-day moving average near $100, which often acts as resistance during recoveries. Source:Mayank Dudeja/X Breakdown Below $80 Could Change Market Direction If LTC closes below $80 on the daily chart, this would mark a clean break of the rising structure. In that case, the next lower levels around $75 and $70 may come into play. The recent increase in red volume bars suggests growing pressure from sellers, raising the chance of a breakdown. Dudeja added, “Below trendline (daily close) → bearish shift toward $75, then $70.” This reflects the importance of the current level as a turning point. So far, the zone is holding, but price movement over the coming days will confirm the next step. Wyckoff Structure Adds a Broader Risk Scenario A separate view shared by Crypto Lama shows Litecoin mapped onto a Wyckoff distribution model on the weekly chart. This model outlines a long-term distribution structure that appears to be entering its markdown… The post Will $80 Support Hold or Break Down? appeared on BitcoinEthereumNews.com.  Key Insights: Litecoin hovers at $80–$83, testing major trendline and demand zone from mid-2023. Daily close below $80 could push LTC toward $75, with $70 as the next support zone. Wyckoff pattern signals a deeper drop to $45 or $25 if the markdown phase continues playing out. LTC on the Edge: Will $80 Support Hold or Break Down? Litecoin (LTC) was trading around $83.92, placing it right inside the $80–$83 demand zone, which has acted as a solid support area in past sessions. This zone also aligns with a rising trendline visible on the daily chart since mid-2023. Traders are closely watching how the price reacts here, as it may determine the short-term direction. Analyst Mayank Dudeja noted, “Above $80–$83 → structure stays bullish with targets at $89–$92, then $100.” A bounce from the current level could bring $89–$92 into focus, followed by the 200-day moving average near $100, which often acts as resistance during recoveries. Source:Mayank Dudeja/X Breakdown Below $80 Could Change Market Direction If LTC closes below $80 on the daily chart, this would mark a clean break of the rising structure. In that case, the next lower levels around $75 and $70 may come into play. The recent increase in red volume bars suggests growing pressure from sellers, raising the chance of a breakdown. Dudeja added, “Below trendline (daily close) → bearish shift toward $75, then $70.” This reflects the importance of the current level as a turning point. So far, the zone is holding, but price movement over the coming days will confirm the next step. Wyckoff Structure Adds a Broader Risk Scenario A separate view shared by Crypto Lama shows Litecoin mapped onto a Wyckoff distribution model on the weekly chart. This model outlines a long-term distribution structure that appears to be entering its markdown…