$LTC
USDT BULLISH REVERSAL IN PLAY – BUYERS PREPARING FOR A STRONG BOUNCE
Litecoin is showing signs of a potential bullish reversal from key support levels. Currently trading around $84.54, price has tapped into the major support zone near $84.09-$84.07, forming a possible double bottom structure and indicating strong buyer interest.
🔑 Key Levels:
Support: $84.09 - $84.07 (strong horizontal demand zone)
Resistance: $85.00 (minor resistance), $85.81 (major target resistance)
📈 Trade Setup (Long):
Entry: $84.40 - $84.55 (current range)
Targets: TP1: $85.00, TP2: $85.81
Stop Loss: $84.07 (below structural support)
🌐 Market Outlook: Momentum is shifting bullish as price holds the major support zone with a potential upside towards $85.81 if buying volume sustains. A clean break and hold above $85.00 will strengthen bullish continuation towards the target.
⚠️ Risk Management: Always use proper position sizing. Risk only 1-2% of your capital per trade, keeping SL tight below structural support to protect from unexpected downside wicks.
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