๐จ Quick Signal: LTC/USDT Trendline Breakout ๐จ
๐ Chart Analysis:
LTC just broke out of the descending channel, confirming a bullish trend reversal. This breakout comes after a strong bounce from the key 0.786 Fibonacci support (~$95.22), with the price currently pushing above $102.
๐น Breakout Zone: ~$100
๐น Immediate Resistance: $103.82 (Fib 0.236)
๐น Next Targets: $107.33 (local high), then possible extension if momentum continues.
๐น Support Levels: $98.17 (Fib 0.618), $95.22 (Fib 0.786)
๐ RSI: 65+ and rising โ bullish momentum building, but keep watch for overbought zone.
๐ก Setup Idea:
Entry: On successful retest of the broken trendline ($100-$101)
Target: $107+
Stop-Loss: Below $98.17
๐ Confirmation with volume is ideal. Watch for continuation or a retest before entering!
