$LTC Bias: Cautiously bullish.
• Buy on dips around $115–118 with conservative stops and initial targets at $122–125
• Monitor rejections at $132–135 for short setups or consolidation
• Breakout above $132 opens next leg toward $140+
• LTC's breakout above $116 with high volume is a bullish catalyst tied to increasing institutional interest and ETF speculationFXEmpire
• Critical pivot remains $132–$133. Clearing that zone with volume could open a strong impulse leg toward $140+
• However, same zone may act as resistance — failure to break may lead to retest of $115–$118 support
• Moving averages: LTC trading above its 20‑day SMA (~$108) but still below downward‑sloping 200‑day SMA on daily timeframe — mildly bearish longer‑term trend unless reclaimed
Long (Buy) Strategy
• Entry Zone: $115–$118, ideally after minor pullback or stabilization
• Stop-Loss: Below $112
• Targets:
• TP1: $122–$125 (Bollinger Band resistance)
• TP2: $132–$135 (Fibonacci resistance zone; initial analyst median)
• TP3: $140–$145 (impulse wave continuation)
• Bull Case: Upside fueled by ETF anticipation, transaction volume surge, and bullish sentiment metrics
Short (Sell) Strategy
• Entry Zone: $132–$134, especially if price shows signs of rejection
• Stop-Loss: Above $136–$137
• Targets:
• TP1: $127–$125
• TP2: $120–$115
• Bear Case: Overbought RSI, lack of volume follow-through, and failure to regain key moving averages could trigger pullback