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$LTC Reaction from $50.00. Local pullback or continuation of the bullish rally?
Litecoin delivered a strong impulsive breakout to $50.10, taking out the upper liquidity, but immediately met resistance from the Premium zone of the higher timeframe.
The key now is not to give in to emotions and not to enter longs at the very peak.
On top, a Buy-side liquidity pool has formed above $50.10. Below, there is trend-based Sell-side liquidity (EQL $48.20–$48.50) and a fresh bullish FVG that has not been mitigated yet.
The algorithm aims to reprice the asset into the Discount zone to give large players the best entry price.
📈 Where to look for the ideal entry point?
Consider Long strictly on a drop into the Discount zone.
📊 Trading plan (LTC/USDT):
🟢 Zone Entry: 48.75 – 49.05 USDT (Enter Long on a pullback to the Discount POI, FVG fill, and the test of the 15m OB)
🎯 Take Profit: 50.10 USDT (Take profit on updating HH highs and sweeping the liquidity above $50.00)
🛑 Stop Loss: 48.35 USDT (A close below $48.40 will trigger CHoCH down and steer price toward the EQL at $47.50)
💡 Conclusion: Trade according to the local trend, but don’t forget the global context. Wait for a deep correction into the $48.75–$49.05 zone to capture a safe move with a high R:R.
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