$LTC Best regards to the entire community, today I had not logged in because I checked the app at 8:00 am and saw that it was not the right time to enter. I waited for the session from 8:00 am to 12:00 pm to have a better observation of the trading volume and the trend to understand if it is favorable to open a trade or not. I was reviewing and it has been a good decision; the market has rejected the key resistance level that has been functioning since May 2, 2022, with a breakout since November 25, 2024, which retraced on March 3, 2025, to confirm the resistance, consolidating a triple top at the breakout. During that triple top, the key support level was tested as support, with a height of $79.91 - $68.22, which functioned as an average level from August 7, 2023, to February 19, 2024, and then from July 1, 2024, to October 28, 2024. Currently, on the weekly chart, the price remains below the EMA 30P, the RSI is oscillating below the 50 level, and although the MACD is on the positive side, the charts have not yet confirmed a bullish trend change. Observing the T4H chart, I can see that those two bullish weeks with low trading volume have generated the formation of an ascending wedge (bearish pattern) since March 10, 2025. Considering that the entire month of March has been bearish, it is very likely that this movement is a pause in the bearish momentum that leads the price to the support level at $68.22 to close the triple top and regain bullish momentum there since the previous pattern was a double bottom that lasted from August 1, 2023, to November 1, 2024. Moreover, the RSI and MACD indicators on the monthly chart have a bearish direction. Given the convergence between Price Action and Indicators, I consider that the bearish trend continues; I will wait for the price behavior at the current key resistance level.

Note: I am not an expert; I only share my observations and do not rule out the possibility of being wrong.