Trade setup 🎯 $LTC
Entry Zone:80.50 – 81.60
Targets
TP1: 83.40
TP2: 84.90
TP3: 88.50
Stop-Loss:79.00
Analysis
$LTC recently showcased a strong bullish impulse, climbing from the 76.00 level to test the 84.89 resistance. Following this peak, the price entered a healthy corrective phase, finding solid footing near the MA(99) (purple line) and the psychological support of 80.00.
The current 4-hour chart reveals that buyers are actively defending the 81.00 region. We are seeing a "squeeze" between the moving averages, suggesting that the momentum is cooling off without any significant structural damage to the uptrend. The recent candles show long lower wicks, which is a classic sign of demand absorption—investors are stepping in to buy the dips.
Outlook
As long as the price maintains its position above the 79.50 - 80.00 support zone, the recovery structure remains firmly intact. A sustained breakout above the 82.40 resistance (MA25) would likely act as a trigger for a continuation move toward the recent high of 84.89 and potentially extend to 88.50. However, a daily close below 79.00 would weaken the current setup and invalidate the immediate bullish continuation thesis.#LTC #Litecoin $LTC
