#LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #LTCUSDT faces resistance at the upper trend line of the wedge In that case, we could see a retest of the bullish around $60.00. This level has been a stronghold of support for LTCUSDT , rich with liquidity and a key area for potential buy orders.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making it a critical level to watch.
On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation. This would mark a significant shift in the market sentiment.
But if #LTCUSDT faces resistance at the upper trend line of the wedge In that case, we could see a retest of the bullish around $60.00. This level has been a stronghold of support for LTCUSDT , rich with liquidity and a key area for potential buy orders.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making it a critical level to watch.
On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation. This would mark a significant shift in the market sentiment.
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#Litecoin is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $60.00, which could lead to a significant bullish breakout if sustained momentum is achieved.
Should this occur, we could see #LTCUSDT challenging the descending resistance and aiming for the major supply area at $88.60 .
A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
Should this occur, we could see #LTCUSDT challenging the descending resistance and aiming for the major supply area at $88.60 .
A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
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#LTCUSDT has managed to break out of a Descending Channel, thanks to strong support at $60.00. This could be the much-needed turning point, but we’re not out of the woods just yet.
For this rally to truly gain steam, #LTC needs to clear the resistance zone at $75.00-$80.00, which was previously support. If it breaks above this level, we could see a stronger push toward the next major resistance .
For this rally to truly gain steam, #LTC needs to clear the resistance zone at $75.00-$80.00, which was previously support. If it breaks above this level, we could see a stronger push toward the next major resistance .
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#LTCUSDT The price has broken the range and started an uptrend, but the price has returned to the range again, but considering the reversal trend we are witnessing, we can consider this a sign of the continuation of the uptrend. If the $148 ceiling is broken, the price will look for higher targets.
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#LTCUSDT There is over 1100 days of accumulation behind this move; it is only a matter of time before it breaks through the middle zone.
A full bullish move is in the offing.
A full bullish move is in the offing.
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