$LTC $LTC 12h Price Chart Analysis: - My bias remains bearish for now, as price is still below equilibrium and under long-term EMAs, but I am watching for a potential liquidity grab below 39.28 (the most recent swing low).
- If you want to short, wait for price to move up to the 46.08–49.80 resistance zone and confirm with a strong bearish candle, rejection, or order block formation. Entry example: short at 46.08 if price prints a bearish engulfing or rejection wick. Take profit at 41.14, then 39.28. Place stop-loss above the nearest swing high.
- For a long setup, wait for a sweep below 39.28. Look for reversal confirmation (pin bar, bullish engulfing, or lower timeframe break of structure). Example: enter long once price reclaims 39.55 after a flush below 39.28. Take profit at 43.10, then 46.08. Place stop-loss below the lowest swing.
- If price breaks and closes decisively above 49.80 and holds above equilibrium (49.945), I will shift my bias to bullish and look for pullbacks to go long towards 51.40 and beyond.
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