I’m looking at $LTC /USDT around 59.61, and the recent bounce has shown some strength, but price is now pulling back after reaching roughly 59.84. The key thing for me is that price has slipped just below the MA60 at 59.64, so I want to see whether buyers can reclaim that level.
The chart shows a recovery from around 59.21, followed by a sharp push higher and consolidation. Immediate resistance sits around 59.74–59.84, while 59.47 is the next visible support area.
📍 Entry: 59.64–59.74, only after reclaiming and holding the zone 🎯 TP1: 59.74 🎯 TP2: 59.84 🎯 TP3: 59.88, if momentum continues 🛑 Invalidation: Below 59.47
If price loses 59.47, I’d step away from this long setup because the recent recovery would be weakening and the pullback could deepen.
The main risk is that the bounce loses momentum near resistance. I’d prefer to see price reclaim 59.64 with buyers stepping back in before considering an entry. For now, I’m watching for confirmation rather than chasing the move.
The chart shows a recovery from around 59.21, followed by a sharp push higher and consolidation. Immediate resistance sits around 59.74–59.84, while 59.47 is the next visible support area.
📍 Entry: 59.64–59.74, only after reclaiming and holding the zone 🎯 TP1: 59.74 🎯 TP2: 59.84 🎯 TP3: 59.88, if momentum continues 🛑 Invalidation: Below 59.47
If price loses 59.47, I’d step away from this long setup because the recent recovery would be weakening and the pullback could deepen.
The main risk is that the bounce loses momentum near resistance. I’d prefer to see price reclaim 59.64 with buyers stepping back in before considering an entry. For now, I’m watching for confirmation rather than chasing the move.