FireHoseReel | LTC:When does Litecoin explode next?

6 ngày trước

🔥 Welcome to FireHoseReel!
Let’s dive into the 4H Litecoin (LTC) analysis.

👀 Litecoin is currently trading below a descending curve trendline.
Each time price hits this curve, it gets rejected to the downside. Price is now approaching the end of this compression zone, while a key support has formed at $81.48 near the bottom.

📊 Litecoin volume has been declining during the recent drop and is now at very low levels.
Once volume expands again, any upcoming move in LTC is likely to become more impulsive and powerful.

✅ The LTC/BTC pair is also in a strong corrective phase, showing a noticeable decline in Litecoin’s relative strength against Bitcoin.

✍️ You can review the main Litecoin scenarios below and use them alongside your own trading strategy if needed.

🟢 Long Scenario:
A breakout above the descending curve trendline, followed by a clean pullback, and then a push toward the static resistance at $87.42 with rising buy volume, could activate our long trigger.

🔴 Short Scenario:
A breakdown below the $81.48 support with a confirmed close below this level and increasing sell volume could activate our short trigger.

❤️ Risk Management & Emotional Discipline
Crypto trading is highly risky. Without proper risk management and emotional control, trading is no different from gambling.
Logic must always come before emotions. Learn to manage your trades—and enjoy the process of trading with control and discipline.

4 ngày trước

Đóng lệnh: đạt mục tiêu

LTCUSDT
Side : BearMarket
Chart Movement : -8.37%