Litecoin (LTCUSD) edged slightly lower in recent intraday trading as the cryptocurrency attempts to build fresh positive momentum that could support a recovery and help it overcome the negative pressure from its 50-period Simple Moving Average (SMA). Despite the modest pullback, a short-term bullish corrective trend remains in control, with price action continuing to move alongside an ascending trendline that supports the current advance. Momentum indicators are also generating positive signals, reinforcing the prospects for further gains in the near term.

Therefore, our outlook remains bullish for the cryptocurrency's upcoming intraday trading sessions, as long as the price holds above the $42.70 support level. Under this scenario, the next upside target is the key and stubborn resistance level at $45.40.

Today's price forecast: Bullish.