Litecoin is forming a bullish setup after a prolonged consolidation phase within a defined range. The price is approaching the key support level of $81.36, which has held multiple times.
Technical Overview:
Price is consolidating between $81.36 support and $88.82 resistance
Structure suggests a potential rebound from support
Breakout above $88.82 may open the door for a stronger rally
Bullish Targets:
First Target: $88.82 Second Target: $91.47
Final Target: $93.32 Trade Strategy:
Entry near $82.00 (with confirmation)
Stop-loss below $81.00
Breakout confirmation above resistance zone for further upside
Maintain proper risk management and monitor price action closely near support.
Technical Overview:
Price is consolidating between $81.36 support and $88.82 resistance
Structure suggests a potential rebound from support
Breakout above $88.82 may open the door for a stronger rally
Bullish Targets:
First Target: $88.82 Second Target: $91.47
Final Target: $93.32 Trade Strategy:
Entry near $82.00 (with confirmation)
Stop-loss below $81.00
Breakout confirmation above resistance zone for further upside
Maintain proper risk management and monitor price action closely near support.
Trade active
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.
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.