LTC Is Testing a Key Resistance ZoneLTC has climbed back into a major resistance area that previously rejected price multiple times. This zone around $45.8 is the level bulls need to reclaim to confirm that momentum is shifting in their favor.What's encouraging is the series of higher lows formed from the rising trendline. Buyers have stepped in on every pullback so far, showing steady demand rather than a weak bounce. As long as this trendline remains intact, the bullish structure is still valid.
For me, I'm not interested in predicting the breakout. I want confirmation. A strong 4H close above this resistance followed by a successful retest would significantly increase the probability of a move toward $48.2, with the potential to extend into the $51+ region if momentum continues. On the other hand, if price gets rejected here and loses the rising trendline, a deeper pullback becomes much more likely.
Note
LTC Update – The Setup Is Still Valid
LTC is still trading inside the resistance zone we've been watching over the past few days. So far, buyers haven't been rejected aggressively, but they also haven't produced a convincing breakout yet. This is exactly where patience becomes important.
One positive sign is that the rising trendline is still holding. Every recent pullback has been bought, which tells us buyers are continuing to defend higher lows. As long as this structure remains intact, the bullish outlook hasn't changed.
The next move will likely come from this resistance area. If bulls manage to secure a strong 4H close above it and hold the breakout, the path toward $48 and potentially $51+ opens up. On the other hand, if this level rejects price again, a healthy pullback toward the trendline would be completely normal before another attempt.
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Join My Free Signal Channel ➡ t.me/Leo524
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.