LTCUSD Poised for Upside Move
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LTCUSD has taken out the previous month’s low and closed above it on the monthly timeframe, indicating strong support. A similar pattern is observed on the 6-month timeframe, reinforcing the bullish sentiment.
This suggests the potential for a significant upward move as the price looks to take out key highs.
Traders should watch for further bullish confirmation before entering positions, as momentum seems to be building to the upside. Keep monitoring this setup closely.
