1. Current Situation and Key Levels
- LTC Price: ~$89.71–$90.33
- 24-hour range: $83.29–$90.99 .
- Key Levels:
- Support: $83–$85 (lower boundary of the range).
- Resistance: $97–$100 (previously marked as a psychological barrier).
2. Trading Scenarios
Scenario 1: Breakthrough of resistance ($97–$100)
- Trigger: If the price exceeds $97 with increased volume.
- Action:
- Buy with targets: $102 (short-term), $110–$115 (medium-term).
- Stop-Loss: $94 (below the local minimum).
- Justification: Growth may continue amid news of a potential ETF and halving in August.
Scenario 2: Correction to support ($83–$85)
- Trigger: If the price pulls back to $85 or lower.
- Action:
- Buy on the bounce with targets: $90–$92.
- Stop-Loss: $80 (protection against breakdown).
Scenario 3: Consolidation in the range $85–$97
- Trigger: If the price fluctuates without a clear direction.
- Action:
- Trading from range boundaries (buy at support, sell at resistance).
- Use of short timeframes (e.g., 1H–4H) for precise entry.
3. Factors Affecting Price
- ETF News: Canary Funds' application for a spot ETF for LTC accelerates the approval process, which may support the price.
- Halving (August 2025): Historically, LTC has shown growth before the halving (up to +500%), but a correction after the event.
- Overall Market: Dependence on BTC and the fear/greed index
4. Risk Management
- Risk per Trade: No more than 1–2% of capital.
- Risk/Reward Ratio: Minimum 1:2 (for example, stop $5, target $10).
- News Monitoring: Keep track of SEC updates on ETFs and macroeconomic data.
5. Alternative Strategies
- Staking: Some platforms offer APR up to 5.52% for LTC.
- Long-term Position: If the price holds above $90, consider holding until the halving with targets of $140–$160.
Conclusion: Today's plan focuses on key levels and news background. Flexibility and adherence to risk management are critical due to volatility. For up-to-date information, follow real-time price updates.
This is not an investment recommendation. Conduct your own analysis before trading.
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