Major Breakout Loading? $LTC Holding Strong at Key Support

Major Breakout Loading? LTC Holding Strong at Key Support

LTC is currently consolidating around the $98 level, showing a minor pullback after a failed breakout above the key resistance zone ($101–$128). This red zone has historically acted as a major supply area, rejecting price multiple times.

Key Observations:
➡️ Strong ascending trendline support remains intact since 2019.
➡️ Price retraced from resistance and is hovering near the re-entry zone ($79–$94).
➡️ If LTC reclaims $115+ with volume, a breakout towards $150–$230 is likely.
➡️ Rejection from this zone could lead to another retest of the green re-entry area.

Strategy:
➡️ Watch for bullish confirmation above $115 to aim for mid-term targets.
➡️ Aggressive buyers may consider scaling in between $79–$94 with a tight SL.
➡️ Long-term target remains around $229, $389, and beyond if macro trend continues.