$LTC Range Squeeze Tightens: Breakout Coming Soon?
$LTC is currently trading at $84.90, showing signs of base-building after a prolonged decline from the $87.50 high. Price is stuck between key intraday levels, and the narrowing structure suggests a breakout or breakdown is near.
Key Levels to Watch:
• Resistance Zone: $85.20 – $85.80
A confirmed breakout may lift the price toward:
• TP1: $86.40
• TP2: $87.50
• Support Zone: $84.40 – $83.80
A breakdown from this range may trigger downside continuation toward:
• TP1: $82.60
• TP2: $81.30
Trade Setup: Compression Before Expansion
• Bullish Setup: A 15m or 1H close above $85.20 with volume surge could confirm a breakout opportunity.
• Bearish Setup: A drop below $84.40 may fuel short pressure and deepen the pullback.
• Stop-Loss Guidance: For longs, SL below $83.80; for shorts, SL above $85.80 to manage volatility.
Consolidation is tightening—watch closely for the first impulse.