#LTC False Growth or a Hamster Trap

Based on key resistance levels for the asset, the main and strongest zone is between 270 – 284.

Only after breaking through and consolidating above this range can it be considered a trend reversal, signaling that LTC may move toward a retest of its global all-time high.

All other resistance levels reflect imbalance zones from previous sell-offs, which — if broken — would only lead to a short-term and impulsive price increase.

On higher timeframes, RSI values remain below 50, indicating a stable downward trend.

With the support of #BTC, the asset may reach the following levels sequentially:

53.28

41.86

which can serve as take-profit targets for those holding short positions.