🔥 $LTC /USDT – Market Pullback or a Potential Reversal? 🔥

$LTC

Current Price: $116.08 (-8.56%)

24-Hour Range: High: $127.86 | Low: $111.33

After experiencing a significant dip, Litecoin ($LTC C) is now at a key crossroads. Here's a closer look at the critical support and resistance zones, as well as potential trade setups:

Support & Resistance Levels:

Support Zone: $111.00 - $113.00 (A strong buying opportunity if the price holds)

Resistance Zone: $118.50 - $120.00 (Breakout confirmation needed)

Trade Setup & Entry Strategy:

Breakout Trade:

Entry: Above $118.50 (indicating a shift in momentum)

Take Profit Targets:

TP1: $120.00

TP2: $125.00

Stop Loss: Below $115.00

Dip Buying Setup:

Entry Zone: $111.50 - $113.00 (Ideal accumulation zone)

Take Profit Targets:

TP1: $116.50

TP2: $118.50

Stop Loss: Below $110.00

Market Overview:

LTC has seen a notable pullback but is showing early signs of recovery from the $111.00 support area. A strong push above $118.50 could signal a reversal, while failing to hold above $115.00 could lead to further downside pressure.

Pro Tip: A break above $120.00 could spark a powerful bullish momentum, potentially leading to an upward trend! 🚀

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