$LTC: Breaks Out of Falling Wedge Pattern: Targets Set Higher
LONG SETUP LTC
Entry: $71.1400 - $71.1600
Stop Loss: $68.6500
Take Profit: $76.1500 (2R)
Key Levels: Support $70.2500 | Resistance $71.3100
Technical Analysis for $LTC: LTC sits at $71.15, comfortably above the 9, 21 and 50EMA, with MACD histogram still positive (+0.08) and RSI at 62, indicating bullish momentum. Stochastic is overbought (K 87, D 94) and orderbook shows a 9% askside imbalance, a nearterm reversal risk. A break above the 1H resistance $71.31 could trigger a long entry around $71.14$71.16, with SL near $68.65
Market Context: BTC remains bullish on 4H and 1D timeframes, and the broader crypto market is broadly positive with roughly 79% of assets in
Can $LTC hold support and challenge resistance? Follow for more data-led market setups.
LONG $LTC
LONG SETUP LTC
Entry: $71.1400 - $71.1600
Stop Loss: $68.6500
Take Profit: $76.1500 (2R)
Key Levels: Support $70.2500 | Resistance $71.3100
Technical Analysis for $LTC: LTC sits at $71.15, comfortably above the 9, 21 and 50EMA, with MACD histogram still positive (+0.08) and RSI at 62, indicating bullish momentum. Stochastic is overbought (K 87, D 94) and orderbook shows a 9% askside imbalance, a nearterm reversal risk. A break above the 1H resistance $71.31 could trigger a long entry around $71.14$71.16, with SL near $68.65
Market Context: BTC remains bullish on 4H and 1D timeframes, and the broader crypto market is broadly positive with roughly 79% of assets in
Can $LTC hold support and challenge resistance? Follow for more data-led market setups.
LONG $LTC
