Litecoin ($LTC
) has shown an impressive recovery recently, bouncing from the $98.32 low and currently trading at $103.84 with a +4.02% move on the 4H chart. This upward momentum suggests a shift back in favor of the bulls, indicating potential for further gains.
After a healthy pullback, the price is now approaching a key resistance zone. If bulls maintain control, a continuation to the upside could be in play.
Long Trade Setup:
Entry Zone: $103.60 – $104.20
Take Profit 1 (TP1): $107.05 (recent high)
Take Profit 2 (TP2): $110.00
Stop Loss: Below $101.80
A close above the $105.00 level could confirm a bullish breakout, potentially pushing the price towards the $110.00 mark. The current setup appears favorable for buyers, especially if momentum continues to build.
Conclusion:
$LTC is showing renewed strength, and if this trend holds, the price may once again retest recent highs. Traders should stay alert and prepared for a possible breakout.
Buy a
$LTC nd trade here:
$LTC
