LTCUSDT | Long Bias | Major Support + Spot Buy Interest | (May 12, 2025)
1️⃣ Short Insight Summary:
Litecoin has been in a long downtrend since 2021, but price action is now approaching a major historical support zone. Spot buyers are stepping in, and this could set up for a strong bounce if confirmed.
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $90–$92 (support zone near the bottom of the parallel channel)
Stop Loss: Below $90 or structure invalidation
TP1: $125
TP2: $144
Final TP: $181–$267 (for optimistic scenario)
Partial Exits: Recommended at each target level
3️⃣ Key Notes:
✅ Price is at the lowest levels seen since the major drop, with spot interest building up—potential signal for a bottoming move.
✅ We're currently moving within a parallel channel, and the lower band is acting as strong support.
✅ 12-hour chart shows the most relevant structure, and volume shows early signs of potential accumulation.
❌ Confirmation is still needed—watch for strong bullish reaction or high-volume push to validate the entry.
4️⃣ Optional Follow-up Note:
Will be watching closely to see if the $90–92 zone holds and shows strength. Plan is to enter long there and manage risk through partial take-profits.
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Disclaimer: This is not financial advice. Always conduct your own research.