LTC is trading in a wide horizontal range on the weekly timeframe, supported by a gradually rising trendline. This reflects long-term accumulation behavior.
đ¸ Key Support Zone at $65 :
This ascending trendline has held consistently since 2018, confirming a long-term bullish structure with higher lows forming over time.
đ¸ Upside Target: $350+
Upon breakout above the $138 horizontal resistance (blue line), the measured move could target $250â$350 based on historical breakout moves and pattern size.
đ¸ Risk Level at $65:
A weekly close below $65 would invalidate the bullish structure and suggest further downside, potentially retesting previous lows.
đ¸ Outlook:
Accumulate on dips above $85â$90, while respecting the trendline.
Watch for a clean breakout and retest of the $138 resistance zone before going full risk-on.
