🚀 Litecoin ($LTC /USDT) – Is the Next Bullish Move Incoming? 🔥

📊 Current Price: $127.55 (+2.93%)

Key Price Levels to Monitor:

Support Zone: $124.40 – $120.50 (A solid area of demand, where buyers have shown interest)

Resistance Zone: $128.50 – $130.00 (The critical level for confirming a breakout)

Bullish Outlook:

Litecoin has recently bounced strongly from the support zone and is now testing the resistance at $128.50. A decisive move above $130 could set the stage for a bullish rally towards $135 and beyond.

Entry Range: $127.50 - $128.00 (Ideal entry after breakout confirmation)

Profit Targets:

✅ TP1: $130.00

✅ TP2: $132.50

✅ TP3: $135.00

Stop Loss: Below $124.50 to protect against downside risk

Bearish Scenario:

In the event that LTC fails to break above $128.50, we could see a pullback toward the support area around $124.40 – $120.50, before another potential move upward.

Entry Range: $128.00 - $128.50 (If resistance holds and price rejects)

Profit Targets:

✅ TP1: $124.40

✅ TP2: $122.00

✅ TP3: $120.50

Stop Loss: Above $130.50 to limit potential losses

Market Sentiment:

Litecoin is showing promising strength, but confirmation of a breakout above $130 is essential for further upward movement. Should buyers step in at the key resistance level of $128.50, a strong bullish momentum could follow.

💡 Pro Tip: Pay attention to volume—an increase in buying pressure at $128.50 would be a strong signal that Litecoin is ready to move higher. A daily close above this resistance could signal the continuation of a bullish trend. 🚀

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