📊 Technical Overview:
Litecoin is forming a potential reversal structure near a key long-term support zone. Historically, this area acted as an accumulation range before significant upward moves.
The price is still holding within a broad ascending channel, and current consolidation may represent the final stage before a breakout.
🔻 Below lies a potential liquidity trap zone — a fakeout could occur, triggering weak hands before continuation. For us, that’s a spot to add, not to exit.
📈 Trade Plan:
-Partial entry is already possible at the current zone
-Additional entries planned if price drops lower
-No stop-loss — risk is managed strictly via position sizing
-Take-profits aligned with major resistance zones where selling pressure occurred in the past
Litecoin is forming a potential reversal structure near a key long-term support zone. Historically, this area acted as an accumulation range before significant upward moves.
The price is still holding within a broad ascending channel, and current consolidation may represent the final stage before a breakout.
🔻 Below lies a potential liquidity trap zone — a fakeout could occur, triggering weak hands before continuation. For us, that’s a spot to add, not to exit.
📈 Trade Plan:
-Partial entry is already possible at the current zone
-Additional entries planned if price drops lower
-No stop-loss — risk is managed strictly via position sizing
-Take-profits aligned with major resistance zones where selling pressure occurred in the past
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.