Tight range under resistance… breakout brewing or another rejection?
$LTC /USDT – LONG
Trade Plan
Entry: $55.20 – $56.50
SL: $53.70
TP1: $57.40
TP2: $59.20
TP3: $62.00 (if momentum expands)
Why This Setup?
4H Structure: LTC is forming higher lows while compressing just below $57.4 resistance — a classic build-up phase before a potential breakout. MA(7) holding above MA(25) reflects steady short-term bullish momentum.
Price Positioning: Price holding above $55 zone shows buyers are defending structure and not allowing deeper retracements — a sign of strength before resistance tests.
Daily Context: On the higher timeframe, LTC is attempting a recovery from a broader downtrend. If RSI reclaims and holds above 50, this can shift into a continuation move toward higher resistance levels.
Volume Behavior: Volume remains stable with slight uptick near resistance — indicating accumulation rather than aggressive rejection.
As long as $53.88 holds, structure remains bullish and a breakout above $57.4 opens upside toward $59–$62 liquidity zones.
Debate:
Is LTC ready to break and hold above $57…
Or will sellers defend this level and push price back into range?
Trade $LTC here 👇
