$LTC is showing strong momentum on the 4H chart after reclaiming the $50 area and pushing back toward the previous supply zone.
Price is currently around $54.6, sitting directly inside a resistance area around $53.5–$55.0.
This is an important level because previous attempts around this region were followed by sharp pullbacks.
The setup I’m watching is a potential rejection and retest:
If #LTC fails to break cleanly above the $55 area, a pullback toward $50–$51 could provide the next important test of support. Holding that zone would keep the recent bullish structure intact.
However, a strong 4H breakout and close above the resistance zone would weaken the bearish pullback setup and could open the way toward $56–$58.
Price is currently around $54.6, sitting directly inside a resistance area around $53.5–$55.0.
This is an important level because previous attempts around this region were followed by sharp pullbacks.
The setup I’m watching is a potential rejection and retest:
If #LTC fails to break cleanly above the $55 area, a pullback toward $50–$51 could provide the next important test of support. Holding that zone would keep the recent bullish structure intact.
However, a strong 4H breakout and close above the resistance zone would weaken the bearish pullback setup and could open the way toward $56–$58.
