đ Technical Overview:
Litecoin is forming a potential reversal structure near a key long-term support zone. Historically, this area acted as an accumulation range before significant upward moves.
The price is still holding within a broad ascending channel, and current consolidation may represent the final stage before a breakout.
đ» Below lies a potential liquidity trap zone â a fakeout could occur, triggering weak hands before continuation. For us, thatâs a spot to add, not to exit.
đ Trade Plan:
-Partial entry is already possible at the current zone
-Additional entries planned if price drops lower
-No stop-loss â risk is managed strictly via position sizing
-Take-profits aligned with major resistance zones where selling pressure occurred in the past