LTC has broken above a key descending trendline, signaling a potential shift in momentum from bearish to bullish. This kind of breakout often marks the end of a consolidation phase and the beginning of a new upward trend.
If the price holds above the trendline and gains volume support, further upside can be expected. However, if LTC drops back below the trendline, it may signal a false breakout, and caution is advised.
**Key levels to watch:**
* Retest of the broken trendline as support
* Immediate resistance overhead
* Volume confirmation for trend strength
LTC is showing signs of strength — keep it on your radar for a possible bullish continuation.