Yello,Paradisers! Is this the calm before a major bounce, or the final warning before Litecoin breaks down completely? This current zone is absolutely critical ignore it, and you risk missing the next big move.
๐#LTCUSDT has completed a strong 5-wave impulsive move within an ascending channel. The recent correction has now brought the price back down into a very important demand zone near $90. This level isnโt just a random number itโs sitting right on top of a previous major support zone that held back in early April, just before the entire leg up began.
๐Price is now also testing the lower boundary of the ascending channel. As long as #Litecoin holds this demand zone between $90 and $93, the bullish structure remains intact. This could be the perfect reload zone for bigger players preparing for the next leg up. If the price begins to form higher lows from here and reclaims the $96โ98 region with strength, it could open the path toward the moderate resistance at $110. And if that level breaks with momentum, weโre likely looking at a full extension into the major resistance above $115.
๐However, if #LTC closes a candle below major support at $80 with volume and structure confirming the breakdown, the setup will be invalidated. In that case, weโre potentially heading for a much deeper flush into the $72โ75 range, which aligns with the next HTF liquidity pool and potential weekly support.
Stay sharp, Paradisers. The market will soon decide and if you're ready, you'll be on the right side of the move.