$LTC Rebound on Gold Support, Next Wave of Major Uptrend About to Ignite 🔥
Current LTC price has rebounded to around $106, and is re-testing the weekly support zone of 100-102, which is an important resistance area that may turn into a support reversal.
From a technical structure perspective, LTC (Litecoin) has successfully broken through a multi-month downtrend channel, and is currently in a healthy pullback phase. As long as the support holds effectively, there will be a clear confirmation of a strong structure.
Once the bulls successfully defend this area, the price is expected to rise.
This stage is suitable for setting target levels: 120-130
Once the market confirms a rebound, LTC will have significant operational space.
