Oh LTC just exploded past resistance like it’s on rocket fuel and Red Bull. 🎯
🐺📉📈
🧾
Last Price: $98.37
24H High: $99.03
24H Low: $93.51
Current Candle: Long bullish with upper wick = slight rejection near $99
Volume Surge: 🚨 33.76K = massive breakout volume
MA5 vs MA10: MA5: 101.61K vs MA10: 73.83K = short-term momentum is dominant
🔍 Price Action Analysis:
That candle is a breakout candle—not some shaky fakeout nonsense.
$97.50 resistance? Smashed clean.
But that upper wick at $99.03? That’s your new boss level. It rejected slightly from that top.
This is textbook:
> Breakout of a range top ➤ Strong volume confirmation ➤ Retest or continuation expected
✅ What You Should Do:
📈 Buy/Long – but WAIT for a small pullback first
Why wait?
Current price is too far from support, making it risky for a tight stop-loss.
Look for a pullback into $97.50–97.80 range for a safer entry (previous resistance = new support).
Set your stop-loss around $96.80.
Target? 🎯 $100–101.50 is in reach if momentum keeps cooking.
⛔ Don’t Short Yet
Shorting now is like standing in front of a speeding truck and saying, “It’s due to slow down eventually.” Yeah, maybe—but you’ll be flat before the chart is.
🧙♂️ Pro Tip: Watch the Next Candle
If this current 15m candle closes strong above $98.20 with little wick on top → continuation likely.
If next candle shows a long wick + red body → minor pullback incoming → entry opportunity.
🧠 TL;DR:
Bias: Bullish
Action: ✅ Wait for a dip, then Long
Invalidation: If price crashes below $96.50 → cancel long thesis
Target: $100–101.5 short-term
