$LTC SIDEWAYS PRESSURE – BREAKOUT OR SLIDE COMING?
Litecoin is hovering at $86.22, trading flat with slight bearish pressure. After multiple failed breakout attempts above $86.60, the price is coiling within a tight range. Traders should prepare for a decisive move.
Key Levels to Watch:
• Resistance Zone: $86.40 – $86.60
A breakout here may target $86.90 and $87.20 in the short term.
• Support Zone: $86.00 – $85.80
A breakdown from this level could see a dip toward $85.50 or even $84.90.
Trade Setup – Position for the Break:
Bullish Scenario:
Break above $86.60 could lead to:
• TP1: $86.90
• TP2: $87.20
Bearish Scenario:
Drop below $86.00 may trigger:
• TP1: $85.50
• TP2: $84.90
Stop-Loss Suggestions:
• Long: Below $86.00
• Short: Above $86.60
Volume is picking up—whichever direction breaks first could set the tone for the next move.
