$LTC - Testing Key Resistance After Bounce
Here's the setup I'm tracking:
Level to Break: Immediate resistance at $78.00. This is the recent daily high; a decisive break above is needed for bullish continuation.
Signal: Watch for a 4-hour close above $78.00 with rising volume as a potential long entry signal.
Target: If resistance breaks, the next target is the recent swing high near $82.50. A break above that could open a path toward $85.00.
Invalidation: The setup fails if price rejects at $78.00 and drops below the local support at $75.50. A close below that level would suggest weakness and a retest of lower support.
