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$LTC ON THE EDGE OF BREAKOUT
Elliott Waves Academy flags an ending diagonal on the 4‑hour chart, signaling the final leg of a flat correction. A clean break above the diagonal’s upper trendline would confirm a shift into a new impulsive wave and could push LTC toward its 100% extension target.
Monitor the 4‑hour diagonal’s upper boundary. If price closes above, trigger aggressive buy orders. Track order‑book depth on top‑tier exchange for sudden liquidity absorption. Anticipate whale accumulation at the breakout point. Set alerts for volume spikes and tighten positions if price retests the lower boundary.
Whales are likely hoarding LTC ahead of a breakout, using the diagonal as a trap for late sellers. The market’s weakening sell pressure hints at a short‑cover rally, but a false breakout could lure over‑leveraged longs into a trap.
Not financial advice. Manage your risk.
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