$LTC /USDT BULLISH CONSOLIDATION ā LONG SETUP ON BREAKOUT CONFIRMATION šš
Litecoin (LTC) is holding steady at $86.44 (+1.35%), consolidating just below the 24h high of $87.37 after bouncing off the $85.05 low. Price action shows strong buyer support with upside potential if momentum continues.
š Key Technical Levels
Current Price: $86.44
24h High: $87.37
24h Low: $85.05
Resistance Levels:
$87.40 ā Immediate breakout level
$89.00 ā Next target
$91.50 ā Major resistance zone
Support Levels:
$85.00 ā Short-term support
$83.50 ā Strong demand zone
š Trade Setup ā Long Position
Entry Zone: $86.30 ā $86.60 (current range)
Take Profit Targets:
TP1: $87.40
TP2: $89.00
TP3: $91.50
Stop Loss (SL): $84.80 (below support)
š Market Structure Insight
LTC is forming higher lows and consolidating below resistance, a bullish continuation pattern.
Volume of over 211K LTC in 24h signals strong interest.
Indicators like RSI and MACD support a potential breakout on 1H/4H charts.
ā Risk Management
Risk only 1ā2% of capital per trade.
Wait for a 1H candle close above $87.40 for confirmation.
Adjust SL to breakeven after TP1 is reached.
š” Summary: $LTC/USDT is showing strength after a bounce and is currently coiling near resistance. A breakout above $87.40 could lead to a strong rally toward $91.50. Great setup for a trend-following long entry.
Follow the momentum. Confirm the breakout. Secure the profits. šš
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