$LTC
After the strong drop that Litecoin recently experienced, signs of a double bottom formation began to appear near the levels of 85.3 – 86.0 dollars, which is a strong support area that was effective previously.
📊 On the hourly frame, we notice the price holding above this support with the beginning of a positive rebound, indicating the possibility of a corrective upward wave that may initially target 92.5 and then 96.0 dollars, and if it breaks through with a strong close, we may see the extension of the rise towards 100 – 104 dollars, God willing.
⚠️ On the condition that the price remains above 85 dollars, the positive scenario remains valid.
However, breaking this level could bring the price back to the areas of 80 – 78 dollars.
📈 The closest expectation: a potential upward rebound from the current area, while monitoring the break of the 90 dollar level to confirm the movement.