🚨 LTC Double-Bottom Breakout Imminent? Aiming for $110! 🌟

$LTC

Excited to share the latest on Litecoin (LTC) — it's formed a classic double-bottom pattern and may be on the verge of a powerful rally! 🧠

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📊 Quick Snapshot

Current Price: ~$99 (up ~3.8% in the last 24 h, +11–12% over 7 days)

Market Cap: ~$7.4–7.5 B, circulating supply ~76 M LTC

Volume: ~$700 M daily — active trading environment

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🔁 What’s a Double Bottom?

A double bottom is a bullish reversal pattern resembling a “W” — two price dips at similar levels with a resistance “neckline” in between. A breakout above the neckline usually signals a reversal to the upside .

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🔍 Why LTC Could Break Higher

1. 4‑Hour Chart Setup: LTC has formed a clean double bottom around the $75–82 range, reclaiming support at ~$75. Now it’s consolidating between ~$95.8–$99 — right below the neckline, ready to break .

2. Momentum Indicators: MACD flipped positive (~0.72), RSI sits neutral (~58) — showing bullish strength without being overbought .

3. Corrective Phase Ending: LTC appears to be completing a 4-month correction since December. That puts it in prime position for a rally .

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🎯 Targets & Price Projection

Neckline Breakout: Crossing above ~$99–100 could trigger a rally.

Measured Move: Height of pattern (~$25 from $75 bottom to $100 neckline) projects a move to $125, but conservatively $110–115 is realistic short-term .

Next Resistance Zones: Expect minor hesitation near $110–115, then broader targets around $125+.

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⚠️ Risk Checklist

Neckline Rejection: If LTC fails to break $100–101 convincingly, it could dip back to $95–90.

Macro Pressure: A broader crypto pullback or weak Bitcoin performance may stall LTC’s rally.

Volume Confirmation: Watch for volume spike on breakout — lack of it could lead to a false breakout .

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📝 TL;DR — Square‑Ready

🔹 Headline:

“🚀 LTC Double Bottom Breakout Imminent? Targeting $110+! 💥”

🔹 Key Points:

Now: ~$99, +11–12% weekly

TA: Classic double-bottom + MACD+/RSI healthy

Triggers: Neckline breakout > ~$100

Target: Measured move → ~$110–115, possible $125+

Risks: May fail to hold neckline, volume required, BTC direction matters

CTA: “Will LTC flip $100 this week? What’s your take, #Square?”

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✅ Square-Friendly Tips

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