$LTC

Technical analysis of Litecoin (LTC/USDT)

Litecoin shows a strong bullish structure on a weekly timeframe, respecting an upward trend line since 2020. Currently, the price is near this dynamic support in the area of 86 USDT, offering an interesting buying opportunity with controlled risk.

Entry: 86 USDT (approximately)

Stop Loss: 49.78 USDT

Take Profit: 406.54 USDT

Main scenario:

A rebound from the trend line is expected, aiming to break resistances and reach historical price levels. The risk/reward ratio is very favorable for those looking for a long-term swing trade.

Alternative scenario:

A decisive break below 80 USDT could invalidate the bullish pattern, leading to the search for lower supports.

As long as the current support is respected, Litecoin has the potential to offer a considerable rise in the coming months. Risk management is key to maximizing the chances of success.

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