$LTC /USDT – Scalping Trade Setups
Based on the retest and reaction at the key support area around 80 – 82, a BUYING trade is recommended for a short-term scalp or swing targeting the resistance zone. However, a SELL setup is provided if the support floor breaks.
LTC is in a tight horizontal/neutral trend on the daily chart but has a long-term bearish bias that is currently being tested by buyers.
Key resistance for any major trend change is the $90.00 – $94.00 zone, which contains multiple moving averages and key pivot points.
Volume is moderate, but a breakout in either direction should be accompanied by a significant spike in buying or selling pressure.
💡 Trade Plan — BUY (Recommended)
🟢 Buy Zone: $81.00 – $82.00
Buying the bounce/retest of the major long-term support and the lower boundary of the falling channel/wedge.
🎯 TP 1: $86.00 (Targeting the first short-term resistance/mid-range)
🎯 TP 2: $90.50+ (Targeting the pivot resistance and psychological $90 level)
🛑 SL: $79.80 Placing the stop just below the critical $$$80.00 psychological and structural support level.
