⚡ While the whole market is debating a reversal, $LTC for the first time in a long time is demonstrating a classic compressed spring impulse.
The technical picture and on-chain numbers worth paying attention to:
▪️ Weekly reversal. Buyers managed to break the multi-month declining structure and consolidate above the $70 level.
▪️ Indicator signal. On the weekly timeframe, for the first time in a year and a half, a bullish reversal has formed across key trend metrics.
▪️ Target zones. The first resistance is expected in the $84–$87 range. If volume holds, the next strong psychological layer is $100.
▪️ Risk levels. The key support on a pullback has shifted to the $68–$70 range.
Old assets can surprise you at the most unexpected moment 🔒
DYOR / NFA.
👇 Do you think this is a full-fledged reversal or just another trap?
🔥 FOLLOW FOR MORE🔥
#LTC
The technical picture and on-chain numbers worth paying attention to:
▪️ Weekly reversal. Buyers managed to break the multi-month declining structure and consolidate above the $70 level.
▪️ Indicator signal. On the weekly timeframe, for the first time in a year and a half, a bullish reversal has formed across key trend metrics.
▪️ Target zones. The first resistance is expected in the $84–$87 range. If volume holds, the next strong psychological layer is $100.
▪️ Risk levels. The key support on a pullback has shifted to the $68–$70 range.
Old assets can surprise you at the most unexpected moment 🔒
DYOR / NFA.
👇 Do you think this is a full-fledged reversal or just another trap?
🔥 FOLLOW FOR MORE🔥
#LTC