$LTC We expect an exit from the range


Litecoin continues to trade within a sideways range while consistently holding above the key selling zone. Currently, the price is near the middle of the channel. Let me remind you of an important rule of zone analysis: it's better not to open positions in the middle of a range.
This is the zone of greatest uncertainty, so it's more prudent to observe the market now rather than rush into trades.
☝️ **Trading Plan — Wait for one of the scenarios to play out:**
🟢 **Upside Scenario:**For confirmation of an uptrend, a breakout above the**$59.39** level is needed. In this case, you can consider placing a pending buy order.
🔴 **Downside Scenario:**If the price loses support and drops below**$51.89**, there is a high probability that the market may enter a new wave of decline.
Stay patient, work from key levels, and don't forget to use stop-losses.
#LTC
LTC-3,78%
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ParnoNinavip
· 2h ago
High overview of Bitcoin's 4-year cycles...
Excellent explanation and definitely worth watching! Share your thoughts and support us by liking and subscribing. Thank you.
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