Litecoin is trading inside a clean falling wedge after multiple rejections from the macro trendline visible on the weekly chart. Price is now squeezing toward the apex with momentum flattening out.
Key notes:
• Bullish scenario: A breakout above the wedge resistance + reclaim of 85–87 opens room toward 113.70 and later the macro resistance at 120.
• Bearish scenario: Losing the lower wedge line + breakdown from 79–80 can send LTC toward 54–49 demand.
Reasons this level matters:
• The wedge has 60+ days of compression
• Weekly multi-year trendline shows confluence
• Local liquidity pools positioned right above current price
• Multiple reaction wicks signaling absorption
Watching the reaction at 79–82 will reveal the next wave: strong bounce = bullish continuation, weak retest = deeper correction.
Key notes:
• Bullish scenario: A breakout above the wedge resistance + reclaim of 85–87 opens room toward 113.70 and later the macro resistance at 120.
• Bearish scenario: Losing the lower wedge line + breakdown from 79–80 can send LTC toward 54–49 demand.
Reasons this level matters:
• The wedge has 60+ days of compression
• Weekly multi-year trendline shows confluence
• Local liquidity pools positioned right above current price
• Multiple reaction wicks signaling absorption
Watching the reaction at 79–82 will reveal the next wave: strong bounce = bullish continuation, weak retest = deeper correction.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。