LTC/USDT — Advanced Short-Term Profit Booking Setup
Entry Zone: $112 – $115
Quantity to Buy: ~8.8 LTC (for a $1,000 position)
Take Profit Targets (TP):
TP1: $120
TP2: $130
TP3: $140
Stop-Loss: $108
Rationale & Market Insight
Support Structure:
The $112–$115 range aligns with recent intraday lows and defined support per pivot levels (first support at ~111.48, second at ~108.51).
Analysts note that $116, forged from trendline and ETF optimism, now acts as a support zone following a breakout.
Resistance & Upside Levels:
TP1 ($120): Represents near-term resistance and a realistic first profit layer.
TP2 ($130): Approaches of historically significant resistance, aligning with potential ETF-driven momentum.
TP3 ($140): A critical payout zone—previous multiple rejections; a confirmed breakout could spark a broader rally.
Sentiment & Tailwinds:
Litecoin is garnering attention as a stable altcoin, drawing interest from institutional traders and analysts amid broader crypto strength.
Forward-looking reports highlight Litecoin’s proximity to critical resistance levels and healthy volume trajectories—making upside potential tangible.
Risk Disclosure:
A stop-loss at $108 sits just below support, mitigating downside risk while giving room for normal price oscillations.
