Current Price: Around $104–105 USDT, recently breaking above the $100–$112 range for the first time in nearly two months.
---
📊 Why LTC is in the Spotlight
Institutional Firepower: Nasdaq-listed MEI Pharma announced a $100 million Litecoin treasury, appointing Charlie Lee (Litecoin’s creator) to its board—highlighting growing institutional backing.
Momentum Building: LTC recently rallied from ~$76 to a high near $112—an impressive ~47% surge.
Macro ETF Hype: Buzz continues around a potential Litecoin Spot ETF, adding fuel to LTC’s fire.
---
📈 Technical Indicators: Bullish or Beware?
Trend Strength: TradingView shows a “strong buy” on MAs and weekly technicals.
Momentum & Averages: LTC holds above key EMAs (50, 100, 200‑day) with MACD recently bullish.
Overbought Warning: RSI hit ~70–74—signalling possible short-term overheat and pullback.
**Support / Resistance Zones:**
Strong support: $92–100
Current resistance: $110–112
Upside targets: $120–140+
---
🔍 Friendly Scalp Trade Setup: Go Long with Confidence
Zone Strategy Risk Management
💰 Entry $102–104 Start legging in around support
🛑 Stop Loss $99–100 Just below key support
🎯 Targets TP1: $110–112; TP2: $120–125 Scale out to lock in profits
💡 Quick Tip Look for rejection or bounce off support before entry
This setup keeps it simple: tight stop, defined entry, room for upside—true Binance Square style! 💼✨
---
🚨 Short-Term Caution
If LTC fails to hold $100 or $92–93 convincingly, watch for deeper pullbacks near $88 or even $76.
Overbought RSI suggests possible profit-taking soon—scalpers, stay alert!
---
🧭 Binance Square Summary
1. Institutional growth = bullish foundation
2. Technicals favor bulls, though RSI signals caution
3. Clear trade zones: Use $102–104 entry, tight stops, and defined targets
4. Play it smart: scale your entries/exits, adjust to market action, and never over-leverage
---
🎯 Bottom Line
Litecoin is making waves—thanks to a $100M treasury play, ETF hopes, and breakout momentum. But paired with overbought conditions, it demands respect. This scalp setup blends upside potential with controlled risk—exactly the kind of disciplined yet energetic trade plan Binance Square embraces! 🚀📉📈
---
