$LTC swept the lows and reacted upward 📈
$LTC hit the "safe buy" zone between $40.50 and $38.90—right where it bounced off support—and is now showing clear recovery. The current price is around $43.04, after touching a high of $43.35 (+2.14% over the period).
What am I watching now?
The move from support has already happened. What remains to confirm is whether the price manages to reclaim the upper range and then make a pullback (a short retracement) that confirms this recovery as something more than just a technical bounce.
Key levels:
- Support (buy zone already activated): $40.50 – $38.90
- Mid zone: $46.00 – $48.00
- Main resistance: $51.58 – $54.00
As long as the price stays above the support zone and moves toward the mid zone, the scenario for a stronger move remains open. A loss of $40.50 would invalidate this short-term bullish read.
Analysis idea (illustrative, not investment advice):
- Bias: bullish in the short term, as long as it holds above support.
- Reference entry: already occurred in the $38.90–$40.50 zone; those who didn’t enter there can wait for the confirmation pullback before joining.
- First reference target: mid zone $46.00–$48.00.
- Reference stop loss: below $38.90, where the buy zone is invalidated.
This is not financial advice. Everyone manages their own risk based on their strategy.
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Do you think
$LTC confirms the bounce or goes back to test the lows? Follow me for more analysis like this. 🔔