Litecoin is currently trading at $86.78, sitting right above a strong demand zone ($67.46–$86.78) where buyers have historically stepped in with force.
🔶 Key Observations:
📍 Demand Zone: Price is approaching a high-volume node from the LuxAlgo Visible Range and prior consolidation zone. Historically, this zone has sparked major bullish reversals.
🔴 Supply Zone Above: Clear resistance stacked between $127 – $141, where price got rejected earlier this year.
🟦 Mid-Level Structure: Price failed to hold the $106.53 support-turned-resistance, confirming short-term bearish bias.
🔁 Previous Reaction: Sharp rally in April originated from this same zone. Will history repeat?
🔭 Potential Scenarios:
1. Bullish Reversal: A bounce from the current zone could target $106.53 and eventually $127+ if momentum returns.
2. Breakdown: If $86.78 fails to hold, next major support lies around $67.46 – watch for fakeouts or liquidity grabs before reversal.
💡 My Plan: I'm watching this zone for bullish price action confirmation – candle structure, volume spikes, or divergence. A successful bounce could offer a solid swing trade opportunity.
📊 Indicators Used:
LuxAlgo Supply & Demand Visible Range
Volume Profile
Price Action & S/R Zones
🗣️ What do you think? Will LTC bounce or break down? Drop your thoughts below!
#Litecoin #LTCUSD #CryptoTrading #SupplyAndDemand #LuxAlgo #SmartMoney #Altcoins #PriceAction #TechnicalAnalysis #Crypto
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