LTCUSDT - ASCENDING BREAKOUT FORMATION ?
2025-01-22
Category: None


LITECOIN (LTC/USDT) Technical Analysis

Pattern: Long-term ascending triangle formation with clear demand zone between 85-95 USDT

Key Points:
- Price currently at 116.25 USDT (-0.80%)
- Strong demand zone established
- Two major price targets identified: TP1: 188 USDT, TP2: 205 USDT
- Volume showing increased interest at 117.82K

Technical Setup:
1. Support: Ascending trendline from November lows
2. Resistance: Horizontal line around 130 USDT
3. Market structure suggests accumulation phase before potential breakout


Risk Management:
- Entry: Current levels after confirmation of demand zone hold
- Stop Loss: Below demand zone (~78 USDT)
- Risk/Reward ratio favorable for long position

Important: This analysis is for educational purposes. Always conduct your own research and manage risk appropriately.

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