this is a fake out and market will break the upward resistance

$LTC



Hey Binance Square Fam! 👋

Let’s zoom into LTC/USD in the 15‑minute timeframe for a quick, tactical play that could light up your charts today. Here's everything you need to know, including macro context and smart trade tips.

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📌 Chart Breakdown

0-3Support Structure: LTC is resting on a short-term support band—around $86–$87—that’s been touched multiple times, acting as a reliable short-squeeze zone  .

817-0Trend & Pattern: Price action shows a symmetrical triangle beginning to form, suggesting a breakout is looming—likely after a short squeeze or a sweat correction  .

Momentum Signals:

1023-0RSI creeping up from the 40s back above 50—good signs of bullish interest  .

1164-0MACD histogram turning less negative; a bullish divergence is brewing  .

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🎯 Levels on Watch

**⏫ Resistance**: Near-term ceiling at $90–$92, marked by the triangle’s upper trendline.

1277-1**⏬ Support**: That important $86–$87 zone, with a second floor around $84 if the lower side breaks  .

1551-0**🎯 Breakout Target**: A clear 15-min close above $92 could send LTC toward $95–$100, aligning with mid-term targets  .

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📈 Macro Market Pulse

1714-0ETF Watch: With Litecoin ETF prospects heating up and a June 17 SEC decision approaching, bullish tailwinds are in play. Analysts suggest breakout risk around $105 if confirmation arrives  .

1970-0Geo‑Risk Spikes: Global uncertainty is tugging on market sentiment—expect LTC to move with risk-on/risk-off crowd flows  .

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🧩 Trade Playbook

1. Entry:

Long entry upon breakout above $88 (upper micro‑triangle)

Or wait for support confirmation with a rebound off $86–$87

2. Stop‑Loss:

Breach under $85 flat support

3. Take Profit:

TP1: $92–$93 (short-term)

TP2: $95–$100 (if momentum aligns)

4. Manage:

Tight 15-min chart trailing stop after TP1 hit

Monitor news on ETF or macro moves

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🚦 Plan A: Bounce Bounce

Price holds $86–$87, reverses to $92? Great short-term win ✅

🚧 Plan B: Break Down

Falls under $85 and keeps smacking; if that happens, $80–$82 is potential next stop 🚧

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✨ Final Takeaway

Litecoin is setting up nicely in the 15‑min timeframe—symmetrical triangle plus bullish momentum, backed by macro tailwinds like ETF updates. If it holds $86–$87 and breaks above $92, it could light up a fast move toward $95–$100.

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