#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.
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