#LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #LTCUSDT faces resistance at the upper trend line of the wedge In that case, we could see a retest of the bullish around $60.00. This level has been a stronghold of support for LTCUSDT , rich with liquidity and a key area for potential buy orders.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making it a critical level to watch.
On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation. This would mark a significant shift in the market sentiment.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA
