#LTC weekly reversal brewing? đđč Litecoin (#LTC) is currently showing interesting signs on the weekly time frame, hinting at a possible reversal. It is approaching a key resistance line around $75.
If successful, this could set the stage for a more bullish move and confirm reversal status. However, if LTC fails to break out, it could face another downturn with a possible drop below $55, targeting the $45-40 range. This area can serve as a promising potential reversal zone (PRZ).
For those leaning toward long positions, setting a stop loss around $55 may be a prudent approach. Nonetheless, it is recommended to remain patient and wait for further developments over the weekend to get a clearer picture of LTCâs direction. Keep an eye on the charts and stay informed!
