$LTC just gave us the first real test after a near-vertical 4H breakout.
Price rallied from the $44–$45 area into roughly $55, then got rejected hard. But the selloff was absorbed around $50–$51, and LTC has already recovered back near $52.9.
That makes $51–$51.5 the key support.
If buyers keep defending it and reclaim $54, another test of $55–$55.5 becomes likely.
But if $50 breaks on a clean 4H close, I’d stop treating this as a simple continuation setup because the breakout would be losing strength.
For now, the trend is still bullish. The key question is whether LTC can turn this rejection into a higher low.
Price rallied from the $44–$45 area into roughly $55, then got rejected hard. But the selloff was absorbed around $50–$51, and LTC has already recovered back near $52.9.
That makes $51–$51.5 the key support.
If buyers keep defending it and reclaim $54, another test of $55–$55.5 becomes likely.
But if $50 breaks on a clean 4H close, I’d stop treating this as a simple continuation setup because the breakout would be losing strength.
For now, the trend is still bullish. The key question is whether LTC can turn this rejection into a higher low.