🟡 $LTC - price analysis: 🟡
DOJI candle on the daily basis: ⌛
Very neutral area (indecision phase)
On the weekly basis, prices look very neutral too—moving between FLAT Tenkan / Kijun: [105$ - 85$]
The H4 view remains bearish, suggesting that another dump to test lower support could occur. 📉
If this was a bull flag, bull reaction would have been stronger!
The daily uptrend is still in place, and as long as it keeps supporting prices, another pump & break above 105$ could be seen!
Key trigger:
105$ needs to be broken by a weekly candle close, otherwise, I see no reason to take a long position yet.
Safer long entry:
In the 85 - 80$ area, or
On a confirmed breakout above 105$
Key levels to monitor:
🟥 Resistance:
97.50 | 97.00 | 101.00 | 105.50 | 110 | 115 | 121
🟩 Support:
92.50 | 87.40 | 85.80 | 80.00
