Strong momentum that's what said before.

Litecoin (LTC) Analysis – Approaching Critical Resistance

📊 Current Market Snapshot

Price: $94.59 (+1.60%) – Nearing 24h High

Trend: Bullish (Price above all key MAs: MA7/25/99)

Volume: 15,152 LTC (slightly below MA5) – Needs confirmation.

Key Levels:

Resistance: $95.57 (24h high) → Breakout target.

Support: $93.44 → $92.79 (MA25) → $92.24

🔍 Critical Observations

1. Bullish Structure Intact

Price holding above MA7 (93.06), MA25 (92.79), MA99 (93.47).

Next major test at $95.57 – A breakout could accelerate gains.

2. Volume Slightly Weak

Current volume (15.1K LTC) is below MA5 (16.6K) → Needs surge for breakout.

3. BTC Correlation

If BTC holds $87K+, LTC has higher odds of breaking $95.57.

🎯 Trading Strategies

1️⃣ Long Setup (If Breakout Occurs)

Entry:

Above $95.57 with volume >20K LTC → Confirms uptrend continuation.

Pullback to $93.44-$94.00 for lower-risk entry.

Targets:

$96.00 (psychological level) → +0.5% gain

$97.50 (next resistance zone) → +3.1% gain

Stop-Loss: $93.00 (below MA cluster).

2️⃣ Short Setup (If Rejection at $95.57)

Trigger: Price fails to break $95.57 with low volume.

Targets:

$93.44 → -1.2% profit

$92.79 (MA25) → -1.9% profit

Stop-Loss: $95.70.

3️⃣ Wait for Confirmation (Safest Play)

Hold until:

Clear break above $95.57 with volume >20K LTC.

Or drop below $93.44 for short opportunities.

⚠️ Risk Alert

False Breakout Risk: Low volume increases fakeout chances.

BTC Dependency: LTC will follow BTC’s next move.

📌 Final Verdict

Bullish (But Needs Volume Confirmation)

Best Action:

Long on $95.57 breakout with volume.

Short if rejected at $95.57 with weak volume.

Avoid: Choppy price action between $94.00-$95.57.

Need help setting up a trade with precise entries? Let me know! 🚀