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.
💫 Analysis of Currency $XPL — A realistic view from the heart of the chart 🔍
Current price: 0.2633 USDT Frame: 1 Hour
The currency is undergoing a corrective movement after a decline from levels of 0.29, and the price is now approaching a key support zone between 0.25 – 0.26.
🔹 Possible scenario:
A bullish rebound from this area towards: 🎯 Target 1: 0.285 🎯 Target 2: 0.305
🛑 Stop loss: Clear closure below 0.247
🔹 Reasons supporting the rebound:
Strong entry of buyers at the bottom (clear rejection candles).
Buying ratio exceeds selling (59%). Repeated historical support at 0.25 indicates interest from institutions or large wallets.
✳️ The bullish scenario is likely on the condition of staying above 0.25. The market does not give a chance to those who rush, but to those who read the calm before the movement.
The market is waiting, $TOWNS is moving at a calm yet confident pace 👀
📉 Current price: 0.0095 USDT After a drop from peaks of 0.0148, the price is approaching a critical support area between 0.0088 and 0.0081 📈 Stability of the price above it may open the door for a bullish rebound towards 0.0106 then 0.0120
🔹 Technical Notes: Clear selling saturation on the 4-hour timeframe.
Breaking the downtrend will confirm the beginning of an upward corrective wave.
🎯 The smart trader does not chase the rise, but waits for calm at the bottom. Watch $TOWNS , as the upcoming movement could change the shape of the chart 🔥
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