LLTC/USDT Long-Term Breakout Watch:
LTC is trading in a wide horizontal range on the weekly timeframe, supported by a gradually rising trendline. This reflects long-term accumulation behavior.
🔸 Key Support Zone at $65 :
This ascending trendline has held consistently since 2018, confirming a long-term bullish structure with higher lows forming over time.
🔸 Upside Target: $350+
Upon breakout above the $138 horizontal resistance (blue line), the measured move could target $250–$350 based on historical breakout moves and pattern size.
🔸 Risk Level at $65:
A weekly close below $65 would invalidate the bullish structure and suggest further downside, potentially retesting previous lows.
🔸 Outlook:
Accumulate on dips above $85–$90, while respecting the trendline.
Watch for a clean breakout and retest of the $138 resistance zone before going full risk-on.
LTC is trading in a wide horizontal range on the weekly timeframe, supported by a gradually rising trendline. This reflects long-term accumulation behavior.
🔸 Key Support Zone at $65 :
This ascending trendline has held consistently since 2018, confirming a long-term bullish structure with higher lows forming over time.
🔸 Upside Target: $350+
Upon breakout above the $138 horizontal resistance (blue line), the measured move could target $250–$350 based on historical breakout moves and pattern size.
🔸 Risk Level at $65:
A weekly close below $65 would invalidate the bullish structure and suggest further downside, potentially retesting previous lows.
🔸 Outlook:
Accumulate on dips above $85–$90, while respecting the trendline.
Watch for a clean breakout and retest of the $138 resistance zone before going full risk-on.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.