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🔍 1. Context and current situation
Current price: ~ $87.65 USD . It is below key resistances, but also near relevant supports.
Recent technical analysis:
BTCC (June 6, 2025) indicates that LTC is above its 20-day moving average (~$90.8), with positive MACD — suggesting bullish momentum — and nearby targets at $98.37, with potential upward towards $300 .
altFINS (April 21, 2025) detects a falling wedge pattern with a possible bullish breakout up to $85 and strong resistance at $100 .
Sentiment/community indicators:
An analyst on Reddit noted:
> “Litecoin has broken out of a falling wedge pattern… analysts now project targets of $108.71, $132.24, or even $153.11” .
Another commented:
> “Litecoin has been playing a game of resistance… if it doesn’t break through $136, we could be slipping back to … $117 and $105” .
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📈 2. Structured trading plan
a) Definition of the time frame
Short term (intraday/swing): key levels at $85–$90, with a horizon of 1 to 7 days.
Medium to long term: hold position for weeks, looking for a break of $100, projecting up to $128 or more.
b) Identification of levels
Supports:
Primary: $85–$86, demand zone .
Secondary: $75–$80 (fibonacci and previous lows) .
Resistances:
Immediate: $90–$92 ($90.8 20‑day MA, Bollinger middle band) .
Intermediate: $98–$100 .
Major: $128, $140, $153 and $200 in bullish scenarios .
c) Entry points
1. Buy at support: between $85–$86 with initial stop just below (~$84).
2. Pullback after breakout: if it breaks and closes above $90–$92 with volume, enter with stop just below the breakout zone (~$89).
d) Risk management
Stop loss:
If buying at $85–$86, set stop at ~$84 (±$1).
On breakouts above $92, stop at around $90.
Position size: do not risk more than 1–2% of total capital per trade.
Tiered take profit:
Short term: $92, then $98–$100.
Long term: $128, $140.
Trail stop: move it to the entry price after exceeding targets.
e) Exit signals / reevaluation
If LTC falls below $84 after buying at support → cut losses quickly.
In case of false breakout below $89 after buying at $90 → exit.
If it reaches target at $100, consider taking partial profits and moving stop to breakeven.
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🛠 3. Tools and tracking
Price and volume alerts at $86, $90, $92, $98.
Analyze technical indicators daily (RSI, MACD, 20/50/200 MA).
Follow news: LTC spot-ETF (possible in 2025) may cause volatility .
Monitor correlation with BTC.
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📅 4. Execution example
Action Entry price Stop loss Take profit 1 Take profit 2
Buy at support $86.00 $84.00 $92.00 (+7%) $98.00 (+14%)
Entry on breakout $92.50 $90.00 $98.00 (+6%) $128.00 (+39%)
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⚠️ 5. Risks and considerations
Sustained breakout ≠ success; there could be false breakouts.
If BTC drops sharply, LTC also tends to suffer.
Approval of ETFs or rejection by SEC can generate drastic volatility.
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✅ In summary
1. Buy at $85–$86 with a stop at $84.
2. Set alerts at $90–$92 and $98–$100.
3. Use tight stops and take partial profits.
4. Apply strict risk management and follow ETF news.
This plan is designed to take advantage of a possible upward reversal by combining clear risk management, robust technical levels, and monitoring relevant news.
#Spot #trading #StrategicTrading #LTC $LTC