✅ Resistance Levels: $138 - $140: Strong resistance near the upper boundary of the channel. $145: Next potential breakout target if price breaches $140.
✅ Support Levels: $130: Important short-term support inside the channel. $125: If $130 fails, this could be the next downside target.
✅ Analysis: The price is respecting the higher highs and higher lows structure, confirming the ascending channel. Wedge Formation? If the range tightens near resistance, there could be a breakout or breakdown soon. The volume bars show spikes during price surges, indicating strong interest from buyers.
This chart represents the LTC/USDT (Litecoin/USDT) price trend on the 1-hour timeframe. An ascending channel has formed, with the price approaching the upper resistance line. If LTC breaks above the 138-140 range, it could target 145 or higher. However, if it falls below the 130 support level, it may drop to 125 or lower. It's important to confirm the breakout with volume before making any trading decisions.
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