$LTC bouncing off the channel floor 🎯
Price just rejected the lower trendline near 52 after a sharp drop from the 59 peak. Small candles stacking up — classic compression before a move. 👀
Upside trigger: momentum holds above 52 and pushes toward 59.50. ⚡
Invalidation: daily close under 51.50 opens the door to 50 fast.
Bears had their run. Now buyers are defending the line. 📈 If this holds, the full channel range back to 59.50 is on the table.
Trap risk is real though — that last top at 59 looked like a stop hunt. 🧨 Clean break or another fakeout, the 51.50 level tells the story.
Price just rejected the lower trendline near 52 after a sharp drop from the 59 peak. Small candles stacking up — classic compression before a move. 👀
Upside trigger: momentum holds above 52 and pushes toward 59.50. ⚡
Invalidation: daily close under 51.50 opens the door to 50 fast.
Bears had their run. Now buyers are defending the line. 📈 If this holds, the full channel range back to 59.50 is on the table.
Trap risk is real though — that last top at 59 looked like a stop hunt. 🧨 Clean break or another fakeout, the 51.50 level tells the story.
