š¢ Long Trade ā $LTC š¢
Bullish Reversal in Progress!
is currently trading at 119.51, up +2.46%, as buyers step in aggressively from the $115 demand zone. The price has established a clear bottom and is now climbing with momentum, indicating a short-term bullish reversal setup.
Support and Resistance:
ā¢ Resistance: 122.00
ā¢ Support: 118.00
Trade Setup:
ā¢ Entry Zone: 119 ā 120
ā¢ Stop Loss: 117.8
šÆ TP1: 121.5
šÆ TP2: 123.2
šÆ TP3: 125.0
Reason / Note:
Following a strong bounce from the $115 level, LTC has started forming higher lows and bullish candles on the 15-minute chart. This pattern indicates accumulation and a shift in momentum toward the bulls. A breakout above $120 could trigger continuation toward $125 as buying pressure builds.