LTCUSD Bullish Reversal in Progress? Key Levels to Watch

Litecoin (LTCUSD) is showing early signs of a potential bullish reversal after bouncing off a strong demand zone around $70–$76 (highlighted in orange). Here's a breakdown of the technical setup:

Key Technical Zones:

Support Zone: $70–$76 (High Volume Node + Demand Area)

Resistance 1: $81.27 – Immediate resistance that could turn into support if broken.

Resistance 2: $104.79 – A key level to watch if momentum continues.

Supply Zone: $116.73 – $131.03 (Marked by heavy previous selling pressure)


Bullish Signals:

Price has tested the demand zone multiple times and held, indicating strong buyer interest.

LTC is now pushing above the lower consolidation zone, aiming for the $81.27 resistance.

Volume around this area is tapering, which could lead to a breakout rally if bulls maintain control.


Trade Idea:

Aggressive Entry: On a confirmed 4H candle close above $81.27.

Conservative Entry: Wait for a retest of $81.27 as support with bullish confirmation.

Targets: $104.79 short-term, $116–$131 longer-term.

Stop Loss: Below $75 support zone to manage risk.


Outlook:

If bulls manage to break and hold above $81.27, Litecoin could enter a mid-term rally toward the $100–$130 zone. However, failure to hold current levels might push price back to retest the demand zone.

Let me know your thoughts – are you bullish or bearish on LTC this month?

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